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Technology Stocks : PairGain Technologies

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To: Ray Smith Jr who wrote (31492)	5/19/1999 4:55:00 PM
From: Bob	Read Replies (3) of 36349

Ray: First, it is not a PAIR press release. Second, it is the old news that caused the sell off today. What was new about it was the fact the two executives were named in the probe. IMO it is a non event and will go away. I believe someone posted PAIR has 125 million in cash, and people are upset about 15 million lost in derivative trading that wasn't authorized by the company and PAIR even has a suit against the guy who did it. bobp

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