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Technology Stocks : PairGain Technologies

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To: dav who wrote (26606)	10/19/1998 11:11:00 PM
From: helkel	Read Replies (2) of 36349

I don't think we will see pair at 24 anytime soon, even with a buyout. We are still a qtr or two away of good solid top line earnings growth from rallying to the high teens or low 20's. I'm enjoying the last few days of movement, and like the volume going with it. The charts are looking much better, but one scare i have is that today shiva (SHVA) got bought out by intc for 6 bucks a share. my short time chart on shva shows that it was a $14 stock in feb or march. i don't want to let my pair go for $15 when we've seen it at 40-30-20 not too long ago. i think mgmt feels that heat also, hence the buyback and possible poison pill. hk

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