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Technology Stocks : PairGain Technologies
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To: David Nelson who wrote (25893)9/3/1998 3:51:00 PM
From: Greg Thornton  Read Replies (2) of 36349
 
David,

Why is it that you only come around when the stock is down to rub our noses in it? Where were you in June when the stock was $20? What has changed since then? They missed their quarter by 1 penny. They have $200 million in the bank. Their growth has flattened, for now, but they are still making money, putting away $10 million per quarter. And they are still regarded as an attractive acquisition.

They have well regarded technology, and I would think that the worst thing that could happen now is that Charlie would accept an offer for something like $15 per share (a double from current prices), which is significantly less than he could have gotten 6 months ago. On the other hand, I think that they will continue to hold a significant portion of the HDSL market, and they can look forward to some portion of whatever ADSL market there might be in the near future.

I think that I speak for many here when I say that we would appreciate your input more if it was more constructive.

Thanks for listening,

Greg
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