Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Dale Knipschield who wrote (24047)	6/2/1998 11:34:00 PM
From: Johnathan C. Doe	Respond to of 36349

PAIR has been dropping since April 9th. It took at big hit around that date. What happened THEN that caused such bearish sentiments? It seems that the Sprint deal might have just been coincidental to a blowoff down day for a stock that had been falling for weeks.

To: Dale Knipschield who wrote (24047)	6/3/1998 2:15:00 AM
From: Larry Livingston	Respond to of 36349

Dale, I read your post and am inclined to agree. Pair has been beaten down much too severely for this to be entirely related to the Sprint announcement.. If anything it may have accelerated the already ongoing institutional distribution which has been going on the last few weeks. Someone obviously wanted out any cost, otherwise they could have continued to dribbling out the stock over the next two weeks. My guess is that someone is expecting the next quarter to come in flat at around 16c. and that they don't expect any earnings growth from ADSL in '98 or '99. This would leave PAIR dependent on HDSL. That's all up in the air, but even so, assuming flat earnings PAIR is probably not going to go much lower than 14 at 22 times earnings. And that's assuming no growth. To have a scenario worse than that they would have to lose a major account. Probably best to wait a few days and see. I'm already in .