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

To: LT who wrote (24491)	6/19/1998 5:49:00 PM
From: TNH	Read Replies (1) \| Respond to of 36349

From Bloomberg news service via on-line edition of WSJ: [In in interview, Anders Igel, an executive vice president at Ericsson responsible for its telecommunications business, said "we're in negotiations with three companies, each worth several hundred million dollars." adding that "we don't know the results yet" and the talks could still collapse. Igel said "we don't exclude making a major acquisition" and "we have the checkbook to do it," while Ericsson officials dismissed speculation that the company may buy 3Com Corp. or Ascend Communications Inc., two large U.S. Internet product makers, saying that they're more interested in buying less-expensive start-ups, the paper said.] Rating raised but earnings estimate lowered: cbs.marketwatch.com