Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: John Stichnoth who wrote (29616)	3/30/1999 10:44:00 PM
From: tom jones	Respond to of 36349

To all: Pairgain announced a 7 million share repurchase last October. In the year end statement they said they repurchased 1 million shares in the fourth quarter. So maybe Pairgain is buying back more shares before the end of the quarter to improve per share data for the first quarter. When pairgain buys back shares they probably just put in a buy order at the start of the day and then other people see the volume and stock price increase and start buying. We will see if the volume goes down after the 31st. Hope I am wrong and news of a merger or big contract has leaked out. Comments? Tom