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

To: Rainmaker who wrote (29307)	3/12/1999 10:03:00 PM
From: Jim Ray	Read Replies (1) \| Respond to of 36349

Rainmaker Did Pair buy the Avidia technology or develop it? I owned Pair when it came on the scene, but you know what they say: Memory is the second thing to go. Jim Ray

To: Rainmaker who wrote (29307)	3/12/1999 10:51:00 PM
From: Kansas George	Read Replies (2) \| Respond to of 36349

Rainmaker, >>FWIW, Lucent made a run in November 98 (second attempt; first attempt in June 97).They offered 22. Chuck and The Board considered, but ultimately declined. They know that Avidia is great stuff and with some sales, the stock is easily worth mid 30s. That is why they've been resting their hats on 32 - 35. After merger talks died, they knew they were "in play" and a hostile takeout could follow,<< Is this information rumor, or is this info public Knowledge? Also, can anyone educate me as to what Avidia is? Thanks!

To: Rainmaker who wrote (29307)	3/13/1999 4:06:00 PM
From: max power	Read Replies (1) \| Respond to of 36349

Rain, <What I see is Pascoe being a lame duck CEO. He was brought in as a highend marketer (under the guise as CEO) to land Avidia sales. Once contracts are in and the price moves up, the FOR SALE sign goes up. As the CEO, he will retain a significant position with the acquirer and Chuck will slip away into happy retirement with his 500k shares..> i have discussed this in the past with Jay, i believe the scenario you describe is correct. it is very similar to the company i used to work for. in it's glory days it traded between 60 and 120 with a number of stock splits. when hard times hit the energy sectors the stock price steadily declined and everyone began downsizing and reengineering to maintain profit margins. our stock price traded from the high teens to the middle 20's for a number of years. though we were always profitable, analyst viewed management as too conservative. the company had ~100M cash, reasonable earnings, and little debt but we were not growing. the trust that held control of the company decided it was time to sell. the ceo was never able to work out and deals and would always claim the potential suitors were not offering what the company was worth. the trust then hired ( i believe it was goldman sachs) to help position the company for sale. shortly after that an "adviser" to the ceo was brought in to "help" the ceo in finding a buyer. within a few months the ceo was gone and the adviser was given complete control of the company. he was an extremely sharp and personable,had a good track record with other sector businesses, who new how to deal with customers, employies, possible buyers, and most importantly..analyst. within months the company received a number of upgrades and he was working with a number of interested buyers. we went to the highest bidder - bhi. when he took over the reins the stock price was ~22 and on the last day of trading before it was exchanged for bhi stock it was 68$ a share. the time frame on all this was less than a year. i hope this is possibly what is happening behind the scenes with pair..i know there are a lot of similarities between the two companies. i hope i'm not rambling on too much...people will think it's a post from Jay!!! just kidding Buddy...keep up the excellent post. regards, thomas