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

To: Mark who wrote (24843)	6/24/1998 7:41:00 PM
From: ENOTS	Read Replies (1) \| Respond to of 36349

der statement! from the WSJ. Pairgain CEO: No Planned Combinations In The Works NEW YORK (Dow Jones)--Pairgain Technologies Inc. (PAIR) isn't currently focusing on acquisitions, according to Charles Strauch, the company's chief executive officer. "I don't think at the moment acquisitions are a particularly good focus for our company," Strauch told CNBC Wednesday. "I think we're focused on the fundamentals of our market." But Strauch added that the telecommunications-equipment maker would be willing to consider a combination "if the right partner came along." On Tuesday, Pairgain shares gained 2 5/8, or 15.9%, to 19 1/8, on talk that the company is an attractive takeover target. Market players also expressed relief that the sector's price war is abating.

To: Mark who wrote (24843)	6/24/1998 7:44:00 PM
From: Street Walker	Read Replies (1) \| Respond to of 36349

This is what I recall The Ceo said he had many shares. So he thinks like a shareholder and will do what is best for the share value. When asked about merging, his atmosphere and body language was against it. I would have liked him to say, "We have a policy not to answer questions about speculative undertakings" or "We have been approached by several companies and we are evaluating our options." Rather, he said in affect that a merger is not on the horizon, as made obvious by today's trading. He could have changed his mind as soon as the interview was over. To some extent, PAIR should be still considered as a take over candidate. Because of the CEO's choice of words, he lost a lot of money today. Good Luck, S.W.