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

To: margin_man who wrote (35787)	2/3/2000 8:15:00 PM
From: max power	Respond to of 36349

P. this report sounds better: max PairGain Technologies Inc. (Nasdaq: PAIR) was tagged by shrinking profit margins in its fourth quarter but it still managed to top consensus estimates. PairGain posted a profit of $1.3 million, or 2 cents a share, on sales of $51.6 million. First Call consensus expected it to lose 5 cents a share in the quarter. PairGain shares closed up 3/4 to 13 1/2 ahead of the earnings report. Gross profit margins were 34.5 percent in the quarter, down slightly from 34.7 percent in the third quarter. For the year, PairGain earned $2.4 million, or 3 cents a share, on sales of $224.9 million down from a profit of $39.5, or 53 cents a share, on sales of $283.1 million in the year-ago quarter. Gross profit margins for fiscal 1999 were 38.4 percent compared to 48.2 percent in fiscal 1998.