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Technology Stocks : PairGain Technologies

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To: hal jordan who wrote (25889)	9/3/1998 3:31:00 PM
From: David Nelson	Read Replies (5) of 36349

Regarding ADSL. They are one of over 40 ADSL competitors in a market that doesn't exist yet. PAIR's all time high was 44 and change, not 100, and the stock price has been on a steady decline since March of 97. You haven't told me anything new yet. How can a higher price be justified based upon fundamentals. Their market is eroding and they have no new products to sell in the near term. there is a 99% chance their next qtr will show more declining margins and profits and marketshare. Where is their growth going to come from? --Dave

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