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

To: Mark who wrote (24516)	6/20/1998 5:14:00 PM
From: James Petersen	Read Replies (2) \| Respond to of 36349

OK folks.... I've got a question. Unless PAIR has discovered the cure for cancer why would anyone want to buy them out or merge? Today, you can buy basically the same products PAIR makes from any number of vendors so why buy the cow when the milk is on sale? Being long the shares this question isn't a jab at pair but intended develop some thinking around the wisdom of holding the shares based on one analyst's opinion.

To: Mark who wrote (24516)	6/20/1998 6:13:00 PM
From: Berney	Respond to of 36349

Mark, I totally agree! I know I'll do fine, but it dawned on me that my dearly paid for time premium just evaporated. The funny thing is that PAIR is the only 00 call that I have. Kind of my concept of long-term investing <g>. PAIR has a PE of 24.4, ERICY has a PE of 79, so there's a lot of leverage for ERICY. This was just shown in the BRK.A and Gen Re deal. Berney