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

To: Greg Thornton who wrote (25895)9/3/1998 4:34:00 PM
From: Gary Korn  Respond to of 36349
 
As absurd as it may seem, a decline of 17/32nds can occur only 14 more times before PAIR trades at zero. I don't believe this punishment is warranted, but then the market tends to overshoot both on the upside and on the downside.

The market cap of PAIR is now about $527MM, about 2.6 times cash on hand, and only about 1.7 times expected 1998 sales. If I have the opportunity tomorrow, I may add a little more to the portfolio.

Gary Korn



To: Greg Thornton who wrote (25895)9/4/1998 10:28:00 AM
From: David Nelson  Read Replies (1) | Respond to of 36349
 
My input is constructive. Look elsewhere for gains. The street hates this stock. You just don't like my comments because you rode this puppy all the way down (OUCH).

--Dave


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