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

To: Gary Korn who wrote (25475)	8/22/1998 1:21:00 AM
From: Gary Korn	Read Replies (3) \| Respond to of 36349

Thread, I know this is off-the-wall, but it's late Friday and I've had a beer or two: I was just asked to read the 13G (filed in July and amended, I guess, in August). Some 8,000,000+ shares picked up by what appear to be French insurance companies, presumably for their annuity funds. (Equitable was also a purchaser, maybe these are subs?): Alpha Assurances Vie Mutuelle 100-101 Terrasse Boieldieu 92042 Paris La Defense France AXA Assurances I.A.R.D Mutuelle and AXA Assurances Vie Mutuelle 21, rue de Chateaudun 75009 Paris France AXA Courtage Assurance Mutuelle 26, rue Louis le Grand 75002 Paris France AXA-UAP 9 Place Vendome 75001 Paris France Anyway, it occurred to me that Alcatel is a French company. I know Alcatel already ships DSL products, but the French-connection just struck me as odd. Is there any, remote, fit between PAIR and Alcatel? Could the latter entity be using some home-country buyers to pave the way? As I said, I've had a few beers, so don't hold this one against me! Gary Korn