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

To: Rainmaker who wrote (25492)	8/22/1998 5:27:00 PM
From: Gary Korn	Respond to of 36349

Do you know or think there are enough shares held by non-management to overcome management resistance if an offer is tendered publicly (like the recent Allied-Signal cash offer for AMP)? Rainmaker, According to Market Guide, Pair is 75% owned by institutions. As an aside, but leading to a point, I think institutions (who own 80% of Tellabs) had something to do with the rescheduling of the TLAB/CIEN shareholder meetings that had been set for this past Friday. Likewise, these same institutions will want to maximize what they can get for their PAIR shares. If there were a public offer, I'd guess there would be discussions between PAIR management and some of the big institutional holders towards that end. Without significant institutional support, I don't see management putting a lot of effort into fending off a hostile takeover. Gary Korn