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Technology Stocks : PairGain Technologies

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To: BWAC who wrote (29882)	4/7/1999 3:29:00 PM
From: Skiawal	Read Replies (1) of 36349

ECI OUT RIGHT DENIES TAKOVER...http://quote.bloomberg.com/analytics/bquote.cgi?story_num=43349755&view=story&version=marketslong99.cfg ECI TELECOM SAYS IT HAS NOT BEEN IN TALKS WITH PAIRGAIN (The following is a reformatted version of a press release issued by ECI Telecom Ltd.) ''As a rule, ECI does not respond to rumors. However, in all fairness to shareholders, we believe it is important to address the rumors regarding ECI Telecom and PairGain. ECI has not been in negotiations with PairGain. ECI has not acquired PairGain. The rumors are completely fictitious. ECI Telecom has a world class M&A department and they are always examining new opportunities to broaden our technology and marketing channels. We are focused on expanding our market share in the US. However, at this time, we are not in negotiations with PairGain or any other company.'' Leo Hinkley Investor Relations Manager ECI Telecom Ltd. (fb)PN -END- NYSE/AMEX delayed 20 min. NASDAQ delayed 15 min

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