SI
SI
discoversearch

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: MichaelJ who wrote (24261)6/8/1998 9:21:00 PM
From: Bobo  Read Replies (1) | Respond to of 36349
 
Summary...Pairgain mgt indicates that April was not good, May was better, sell side analysts take eps estimates from .18 to .16 and nervous institutions bail and take the stock to 15- 16...Sprint issues press release on Star Wars network that will obsolete Pairgain's products, some nervous institution dumps 1mm shares in a day and sends the stock below 13...Nervousness of qtr still reflected in stock price. The end.