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Technology Stocks : PAIR-NEWS ONLY!!!!! -- Ignore unavailable to you. Want to Upgrade?

To: Henk Kruisbrink who wrote (31)	11/12/1997 7:24:00 AM
From: Narotham Reddy	Read Replies (1) \| Respond to of 73

More news: ECILF denies PairGain merger talks Tel Aviv: Nov 12: The president of Israel's ECI Telecom on Wednesday denied a report in an Israeli newspapers that the company was in talks to merge with PairGain technologies " There is no truth to the report", the president and CEO David Rubner told Reuters. The Ha'aretz reported that ECI had been talking over the past three months with PairGain aboout the possibility of a merger or acquisition. If carried out, the deal would be the biggest ever between an Israeli and a foreign company, the report said. Rubner said that in the past several years the two companies have talked "on and off" not necessarily on merging but on cooperation". But in the past three months the two companies have not held talks, he said. He said ECI has a special mergers and acquisitions team that is always on the look-out for possible ventures and ECI has engaged in talks with many companies including competitors. ECI has a market valuation of just over $2 Billion while PairGain is traded at a value of $1.8 billion.