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To: Chuzzlewit who wrote (5715)8/19/1999 2:00:00 PM
From: Conan  Respond to of 6021
 
Chuzzlewit:

I'll have to check but I'm sure you are right. It was late and I wasn't too alert as I wrote that piece.

Still, the conclusion appears to be negative cash flow for the first 6 months. Even if the next two quarters are good they are likely to be negative in cash for the year.

And as we've discussed many times, accounts receivable (and DSO's) haven't been significantly reduced. So holding back on revenue recognition has hurt the stock price without helping the balance sheet or the business fundamentals.

Not encouraging. These next 2 quarters had best be blowouts.

Conan



To: Chuzzlewit who wrote (5715)9/2/1999 9:49:00 AM
From: AlienTech  Read Replies (1) | Respond to of 6021
 
TUSTIN, Calif.--(BUSINESS WIRE)--Sept. 2, 1999--PairGain(R) Technologies, Inc. (Nasdaq: PAIR) today said that it has reached a tentative agreement with the United States Attorney's Office to plead guilty to willfully failing to set up adequate internal accounting controls so that its books and records would accurately reflect the nature and value of the Company's investments in 1995 with Jay Goldinger and Capital Insight. Pursuant to the tentative agreement PairGain would also pay a fine of $1,000,000