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: BULL who wrote (24223)	6/5/1998 4:45:00 PM
From: Bald Man from Mars	Read Replies (2) \| Respond to of 36349

Hope it work out for you, dude. I try not to commit new funds since May 1st because the only activity I have everyday is haircut ...

To: BULL who wrote (24223)	6/5/1998 10:51:00 PM
From: esterina	Read Replies (1) \| Respond to of 36349

Wouldn't PariGain be a nice fit for Nortel? TORONTO, June 5 (Reuters) - Northern Telecom Ltd. (NYSE:NT), a huge telecommunications equipment maker, is seeking to make a match with a data network firm to complement its voice phone products, analysts said on Friday. Chandan Sarkar, an analyst at U.S.-based SoundView Financial Group, said Nortel seemed eager to acquire or merge with Bay Networks Inc. (NYSE:BAY) or Ascend Communications Inc. (NASDAQ:ASND) "They're saying they may need to get aggressive, because they see massive consolidation going on," he said. This week Tellabs Inc. (NASDAQ:TLAB) bought upstart Ciena Corp. for $7.1 billion and France's Alcatel Alsthom SA (NYSE:ALA) snapped up Dallas-based DSC Communications Corp. for $4.4 billion in stock. Peter Janacek, spokesman for the world's sixth largest telecommunication products maker, declined to comment on the Bay Networks acquisition/merger speculation which has wafted through markets for weeks. "We're not speculating on rumors, whatsoever," he said. One industry observer said that according to his information, Nortel's majority shareholder BCE Inc. had sanctioned a Bay Networks deal and that it would be unveiled this weekend to kick off a U.S.telecommunications trade show. A few weeks ago Bay Networks, based in Santa Clara, California, acknowledged that it had been in talks with Nortel, but said that no deal emerged. Nortel Chief Executive John Roth, who is keen on building networks which can handle both data and voice to anticipate burgeoning Internet use, has been floating the idea of buying Bay Networks past institutional investors, said a company observer. "Basically they (Bay) fill out their data portfolio and they're mostly a voice company right now, and that's the reason that they're interested," Sarkar said. "They've already made some strides there but they're possibly inspired to speed that up a little." Sprint Corp. (NYSE:FON) laid out plans this week to create its own Internet-capable network. Sarkar added that historically, deals are made with an average 30 percent premium on top of a closing stock price. Bay last fell 0.25 to 30.63 on New York's bourse. Ascend rose 1.50 to 46.50 on Nasdaq. Sarkar added that Nortel seemed to be leaning toward Alameda, California-based Ascend. "They felt that the business fundamentals were much better at Ascend. The other thing is Bay already has a relationship with (Nortel rival) Lucent Technologies Inc. (NYSE:LU)" Another brokerage had an analyst's report on Friday mentioning the possibility of a deal. "They were definitely looking at a large acquisition. They didn't specify a time frame. And they didn't specify a name," said one analyst's colleague. Nortel shares rose C$1.85 to C$92.20 on the Toronto Stock Exchange on Friday. ($1=$1.45 Canadian) lydia.zajc@reuters.com)) Copyright 1998, Reuters News Service