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


To: Lance who wrote (27499)12/6/1998 9:30:00 PM
From: margin_man  Read Replies (1) | Respond to of 36349
 
Reading from the most recent filing 10-Q, the shortfall might not
be a surprise after all. The company already warned us in late
November. Some took it seriously and bailed. That's why PAIR
couldn't head above the low teen.

sec.yahoo.com

An excerpt from the Revenues section:

Subsequent to September 30, 1998, a large customer awarded a primary source HDSL contract to one of the Company's
competitors. The Company previously supplied the dominant share of HDSL product to this account. The Company expects
there will be a decline in HDSL revenue sold to this account, although the amount of the decline is not known. This decline
could have a material adverse effect on the Company's future operating results.


P.