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Technology Stocks : PairGain Technologies
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To: max power who wrote (28407)2/5/1999 7:37:00 PM
From: john p. carney  Read Replies (1) of 36349
 
<i really thought pair would take off after you sold off 3/4 of your position.>

In the back of my mind, so did I. I've bought back a little more than half what I sold at a little less than I sold it for. So I guess you can call that a successful trade......or whatever.

I think PAIR is in a pretty nasty position right now re decaying gross margins and ADTN breathing down their necks and no real ADSL partner and slow-to-the-line RBOCs and so on and so on. But like our new best friend Tim, I also believe PAIR will probably be taken out. Not because I have great sources whispering sweet things in my ear, but because it's the only thing left that makes sense for this company.

John
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