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Pastimes : ASK Vendit Off Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Vendit™ who wrote (1648)	9/10/1999 8:01:00 PM
From: Vendit™	Respond to of 19374

PairGain Warns That Third Quarter Earnings Will Come in Well Below Current Market Expectations BUSINESS WIRE - September 10, 1999 17:36 Business Editors and High-Tech Writers TUSTIN, Calif.(BUSINESS WIRE)--Sept. 10, 1999--PairGain Technologies, Inc. (NASDAQ: PAIR) today announced that it expects both revenues and operating earnings for the third quarter of 1999 to fall well below current market expectations. Revenue shortfall is expected to occur in the Company's T1 access and subscriber carrier product lines. Shipments of the Company's Avidia System multi-service access platform are expected to begin near the end of the quarter with volume production beginning during the fourth quarter. PairGain is the leader in the design, manufacture and marketing of DSL (Digital Subscriber Line) networking systems. Service providers and private network operators worldwide use PairGain's products to deploy DSL-based services such as high-speed Internet, remote LAN access and enterprise LAN extension. For more than 10 years, PairGain has been recognized as a technological leader and industry innovator of telecommunications equipment. The Company offers the widest range of DSL-based systems available. Product lines include HiGain Solitaire(TM) HDSL2 solutions, HiGain(R) T1/E1 access systems, PG-FlexPlus(TM), PG-Flex(R) and PG-Plus(R) subscriber carrier systems, the Avidia(R) System, Megabit Modems(R) and Campus HRS megabit access products. Well over 1.5 million PairGain DSL nodes are installed in over 70 countries. Additional information about the Company is available on the Internet at www.pairgain.com. Except for the historical information contained herein, the matters discussed in this announcement are forward-looking statements which involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting the Company's operations, markets, products, services and prices and other factors discussed in the Company's filings with the Securities and Exchange Commission. All trademarks within are the properties of their respective manufacturers. Copyright (C) 1999 Business Wire. All rights reserved. -0- CONTACT: Pairgain Technologies Inc., Tustin Charles McBrayer or Kim Gower, 714/832-9922 WEB PAGE: businesswire.com