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Technology Stocks : PairGain Technologies

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To: Bobby G. who wrote (26678)	10/26/1998 5:36:00 PM
From: sandman	Read Replies (2) of 36349

Does anyone remember the reason given by PAIR ceo on cnbc for not looking for a buyer ? I think its time for the ceo to revisit its logic and start looking for a buyer today. I have been a PAIR long for quite some time but I am now loosing faith in the mgmt. I think the ceo himself admitted in the last conf. call that they are not going to fight accounts where competeitors are selling below cost. Its time for PAIR to get a clue and either find a way to sell into those accounts (stronger, feature rich product) or, merge with a bigger player (Lucent ?) so that they can compete in those situations. The only problem that I have with a merger is that PAIR will probably go for around $12-$15 but thats better than 8 anyday. Just look at SHVA, the proud, the mighty - I know it for a fact that they turned down a double digit offer last year. Finally, INTC picked them up for mere scrap. PAIR should avoid this fate and get a relatively good price while the demand is still there. My other fear is that PAIR will try to make a dumb aquisition to complement their product line and cost us a lot more. If PAIR cannot build shareholder value even after a 10% buyback, they should give up and sell NOW!

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