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

To: Bill who wrote (25483)	8/22/1998 10:34:00 AM
From: helkel	Read Replies (1) \| Respond to of 36349

Bill/Gary: i think for a bid to be considered by PAIR mgmt it would have to be in the high 20's to low 30's (if their opinion makes a hill of rat poop). if you look at DCS chart, the axa buying was a pretty long ways in front of th e buyout (5-6 months per the 13g). DIGI chart looks alot like pair lately (drop from 30's to firm bottom at 17 or so and then badda da bing, bodda do bong we are at 29+). so we will see what happens. Volpe brown is the group that says PAIR is "the best looking acquisiton tele company" out there. later hk

To: Bill who wrote (25483)	8/22/1998 11:00:00 AM
From: Gary Korn	Read Replies (4) \| Respond to of 36349

Do you know what the premium was on DSC? Going back to the DSC thread, I see that before the announcement, people were posting prices of about 17 1/2 (too bad SI, in its stock summary at the bottom of a post, doesn't retain the share price for the day that a post is posted). Anyway, the last price shown for DSC is 29 5/16. Now, I don't know if this was a pooling of interest deal or not (though, given that Alacatel is French, that may not be allowed for them). Assuming it wasn't a pooling deal (where the stocks of both companies move with the market, distorting the analysis), the premium for the ALA/DSC deal would be 29.25 - 17 1/2 = 11.75, which is about 67%. (Quite close to your own guesstimate). Gary Korn