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Technology Stocks : PairGain Technologies

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To: margin_man who wrote (28105)1/21/1999 6:42:00 PM
From: David Browning  Read Replies (2) of 36349
 
mm....the remarkable thing is that we were up today!

As a long-term investor who came upon PAIR last Fall as part of a research effort into the bandwidth business, I had the pleasure of averaging down a good bit as the stock fell. As others have said, the combination of experience, balance sheet and new management was compelling.

However, it is only in the last couple of weeks that I have begun to see light at the end of the tunnel, as opposed to lots of hopeful expressions. Today's performance was significant in a lousy otc market. I will be very surprised if some major news concerning ADSL, particularly Avidia, is not soon forthcoming. The stock is too strong in a weak market; those who are in the know are buying at what will be cheap levels when reviewed not far down the road.
Luck to all.

David
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