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

To: Rainmaker who wrote (27484)	12/5/1998 2:24:00 PM
From: margin_man	Respond to of 36349

Friday December 04, 1998 (09:35 am ET) S&P Cuts Estimate for PairGain Technologies NEW YORK, Dec. 04 (Standard & Poor's) - S&P this morning lowered its 1999 EPS estimate for PairGain Technologies (PAIR) after the company said Q4 EPS and revenues will be significantly below market expectations. Analyst Mark Cavallone says results were hurt by pricing pressure and the loss of primary supplier status at one of its major customers. He expects continuing price competition for core DSL products in 1999 as industry players try to enhance market share. Growth of the Internet should eventually fuel the market for broadband access, but DSL products depend on spending from static Bell operating companies, he adds. Cavallone lowered his 1999 EPS estimate to $0.52 from $0.70. He feels that with a lack of earnings visibility, PAIR is fairly valued at 17 times that estimate. He continues to rank the stock (hold). So PAIR is fairly valued at 8.5? P.