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

To: Patricia Meaney who wrote (26845)	11/2/1998 4:42:00 PM
From: Henk Kruisbrink	Respond to of 36349

Particia, and all, This posts in the archives of SI may shed some light: The order of the messages is decending, latest on topof this email +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ To: Eric Terry (25338 ) From: Eric Terry Tuesday, Aug 11 1998 11:52AM ET Reply # of 25371 I did some checking on the 13g filings for DSC (digi) comm. and guess what? The following names show up as having bought large numbers of shares of DSC before the Alcatel buyout. The shares were bought several months before the buyout so, it could just be a coincidence. GROUP MEMBERS: ALLIANCE CAPITAL MANAGEMENT L. P. GROUP MEMBERS: ALPHA ASSURANCES VIE MUTUELLE GROUP MEMBERS: AXA ASSURANCES I.A.R.D. MUTUELLE GROUP MEMBERS: AXA ASSURANCES VIE MUTUELLE GROUP MEMBERS: AXA COURTAGE ASSURANCE MUTUELLE GROUP MEMBERS: AXA-UAP GROUP MEMBERS: DONALDSON, LUFKIN & JENRETTE SECURITIES CORPORATION GROUP MEMBERS: EQUITABLE COMPANIES INC GROUP MEMBERS: THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE US +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ To: Eric Terry (25338 ) From: Eric Terry Tuesday, Aug 11 1998 10:05AM ET Reply # of 25370 The original 13g was filed on june 10, 1998 when the companies listed ownership of approximately 11.5% of pairgain. So inside of a month this same group increased its ownership to almost 20%. I wonder what their motives are? +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Eric Terry (25340 ) From: Rainmaker Tuesday, Aug 11 1998 1:06AM ET Reply # of 25370 The 13 G/A filing is extremely interesting. We have a French firm (AXA) owning almost 20% of PAIR. I'll speculate here big time and welcome all comments. Alcatel (largest French telecom equipment manufacturer) used buyout firm DLJ (gave regular fee plus 1,000 shares for handy-work) to make the "discrete" purchase to gain a major, not majority, say on any sale of the company. AXA was used as an underwriter to bond and insure the deal, as well as hide the owner. They positioned themselves to benefit (financially and strategically) if PAIR is sold AND maintain a significant voice to possibly kill any deal they don't like. I think their interest approaches the ownership percentage held by management. Correct me, but the remainder of the stock is held by funds (40%), trusts (10%) and individual investors (10%). They may have effectively sold the company (by aligning fund managers who are interested in increasing their portfolio value through a sale). Chuckie better make a move or someone will make it for him. +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ To: Greg Thornton (25337 ) From: Eric Terry Monday, Aug 10 1998 5:32PM ET Reply # of 25371 What is a 13G filing used for.....ANYONE? Did group just buy 19% pair? freeedgar.com Did the following companies buy approx 13 million shares (19%) of pair. GROUP MEMBERS: ALLIANCE CAPITAL MANAGEMENT L. P. GROUP MEMBERS: ALPHA ASSURANCES VIE MUTUELLE GROUP MEMBERS: AXA ASSURANCES I.A.R.D. MUTUELLE GROUP MEMBERS: AXA ASSURANCES VIE MUTUELLE GROUP MEMBERS: AXA COURTAGE ASSURANCE MUTUELLE GROUP MEMBERS: AXA-UAP GROUP MEMBERS: DONALDSON, LUFKIN & JENRETTE SECURITIES CORPORATION GROUP MEMBERS: EQUITABLE COMPANIES INC GROUP MEMBERS: THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE US +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++