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

To: William G. Murray who wrote (23557)	5/17/1998 11:58:00 PM
From: RELLEK	Respond to of 36349

Pairgain is a definite buy and hold. Weakness due to: 1) Earnings shortfall 2) Another price decrease in their Megabit line 3) Subsequent broker downgrades. What hasn't changed is: 1) Strong balance sheet 2) Improving margins 3) Sweet Rockwell licensing deal 4) Two new product cycles in the next two years 5) Strong growth of PG line 6) Possible large scale telco deployment We have a minimal downside from here, with a much-more-likely climb back to the $24 range by end of summer/ definitely by end of year. A very modestly priced stock. Good opportunity.