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Technology Stocks : PairGain Technologies

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To: Mark who wrote (24843)	6/24/1998 7:41:00 PM
From: ENOTS	Read Replies (1) of 36349

der statement! from the WSJ. Pairgain CEO: No Planned Combinations In The Works NEW YORK (Dow Jones)--Pairgain Technologies Inc. (PAIR) isn't currently focusing on acquisitions, according to Charles Strauch, the company's chief executive officer. "I don't think at the moment acquisitions are a particularly good focus for our company," Strauch told CNBC Wednesday. "I think we're focused on the fundamentals of our market." But Strauch added that the telecommunications-equipment maker would be willing to consider a combination "if the right partner came along." On Tuesday, Pairgain shares gained 2 5/8, or 15.9%, to 19 1/8, on talk that the company is an attractive takeover target. Market players also expressed relief that the sector's price war is abating.

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