The Thread Formerly Known as No Rest For The Wicked Message Board

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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Larry Williams who wrote (24721)	4/7/1999 12:08:00 PM
From: Bob	Read Replies (2) of 90042

This from Anthony's thread: The bold is mine. I find the wording very telling..................... To: Wolff (27544 ) From: Anthony@Pacific Wednesday, Apr 7 1999 11:58AM ET Reply # of 27550 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

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