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Technology Stocks : PairGain Technologies
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To: Rainmaker who wrote (29307)3/12/1999 10:51:00 PM
From: Kansas George  Read Replies (2) of 36349
 
Rainmaker,
>>FWIW, Lucent made a run in November 98 (second attempt; first attempt in June 97).They offered 22. Chuck and The Board considered, but ultimately declined. They know that Avidia is great stuff and with some sales, the stock is easily worth mid 30s. That is why they've been resting their hats on 32 - 35. After merger talks died, they knew they were "in play" and a hostile takeout could follow,<<

Is this information rumor, or is this info public Knowledge? Also, can anyone educate me as to what Avidia is?

Thanks!
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