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

To: stockbug who wrote (22932)	4/14/1998 5:46:00 PM
From: Bill	Read Replies (1) \| Respond to of 36349

<Give some factual support to justify your remark "crap quarter".> OK. Here goes: 1. EPS of $0.16 missed consensus estimates, and less than year ago quarter of $0.19. 2. Lower than expected revenue of $73M was down 3% sequentially and up only 3% from last year. 3. Revenue was down year over year in HDSL, Campus, and PG-2. 4. Margins positively effected by $2M royalty revenues in the quarter for its ADSL Falcon chipset from Rockwell. Not including royalties, operating margins down. 5. Mixed balance sheet - +$11M in cash, but DSOs and inventory turns were 47 days and 3.6 turns respectively, which compared to 43 days and 4.9 turns in 4Q97. Mix in the fact that the company hasn't had a major design win in a long time and that's why the downgrades. Bill