SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Wolff who wrote (27544)4/7/1999 11:59:00 AM
From: Anthony@Pacific  Read Replies (1) of 122087
 
PAIR<----------------Bogus News confirmed!!!!!!!!!!!!!!!!!!!!!!!!!!!

Story 1 / 20: 99 <GO> for list of story options. Equity C N
Page 1 of 2
BN PairGain Shares Rise on Bogus Report ECI Telecom Buying Company
Apr 7 1999 8:46
PairGain Shares Rise on Bogus Report ECI Telecom Buying Company

Tustin, California, April 7 (Bloomberg) -- PairGain
Technologies Inc. shares rose as much as 31 percent after a bogus
report on the Internet said the phone-equipment maker agreed to
be acquired by Israel's ECI Telecom Ltd.
''We have not announced an agreement with ECI,'' said
Charles McBrayer, PairGain's chief financial officer, denying the
report. ''We have not announced a thing.'' ECI offices in Petah
Tikva, Israel, were closed today for the Passover holiday.
The story, which was posted on a message board operated by
Yahoo! Inc., said ECI would buy Tustin, California-based PairGain
for about $1.35 billion in cash and other compensation. The story
was identified as coming from Bloomberg News. Bloomberg News
didn't write the story.
PairGain rose 1 to 9 1/2 in midday trading of 8.7 million
shares. Earlier, the shares touched 11 1/8. ECI's U.S. shares
fell 1/2 to 35 3/4.

--Andrew Brooks in the Princeton newsroom (609) 279-4066/jmc

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News