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

To: Tim Luke who wrote (25922)	9/3/1998 9:02:00 PM
From: Gary Korn	Respond to of 36349

wasn't pair a takeover target at one time? Tim, Check out the 13G filed for PAIR, and the one file for Digi (DSC): Several months before French-based Alcatel (ALA) bid for DSC, a 13G was filed, showing substantial ownership by a group of French insurance companies. A month ago, the same group of French insurance companies filed a 13G showing a substantial (20%) ownership interest in Pair. Maybe it means something. Maybe not. Anyway, Volpe Brown continues to identify PAIR as a takeover target. Even if PAIR is not taken over, its fundamentals justify a higher price: (i) no debt, (ii) $200MM cash, (iii) market cap/sales of about 1.7; and it is trading at less than 2 times book value, (iv) a strong chance to hit .16/share this quarter notwithstanding aggressive price cutting to meet the competition (according to Furman Selz: "the current quarter is ahead of plan despite the continued pricing pressures in HDSL"), (v) trading as if it won't get either RFQ with Bell Atl or SBC, so a positive announcement could cause a nice pop up. Gary Korn