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Technology Stocks : PairGain Technologies -- Ignore unavailable to you. Want to Upgrade?

To: Jim S who wrote (35703)	1/28/2000 2:13:00 PM
From: BWAC	Read Replies (1) \| Respond to of 36349

More than like it is to report the sale of the ME unit.

To: Jim S who wrote (35703)	1/28/2000 2:20:00 PM
From: Mark_H	Read Replies (1) \| Respond to of 36349

Here's the meat of it: Page 1 of 4 Pages Exhibit Index is on Page 4 ITEM 5. OTHER EVENTS. On January 24, 2000, PairGain Technologies, Inc., a Delaware corporation (the "Company"), issued a press release announcing that it entered into an Asset Purchase Agreement with GlobeSpan, Inc., a Delaware corporation ("GlobeSpan") on January 21, 2000, under which the Company agreed to sell the Company's assets relating to its microelectronics group to GlobeSpan. A copy of the press release is attached as Exhibit 99.1 and incorporated herein by this reference. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. Exhibit Number 99.1 Press Release, dated January 24, 2000, entitled "GlobeSpan to Acquire PairGain's Microelectronics Group" Page 2 SIGNATURES ---------- Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized. PAIRGAIN TECHNOLOGIES, INC. Date: January 28, 2000 By: /S/ MICHAEL PASCOE ------------------ Michael Pascoe President and Chief Executive Officer