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

To: Samuel J. Bennett who wrote (29634)	4/1/1999 8:15:00 AM
From: Jay Mowery	Read Replies (1) \| Respond to of 36349

Sam, Yep! You're missin' Somethin'! <<<<<The charts look at stock prices, not company performance...when you compare the fundamentals, Adtran looks a little better.>>>> Maybe on company price performance, it looks a little better, but NOT fundamentals Sam. Apples & Oranges which is the point. If you, compare the size of the share floats,(16 million ADTN's VS 70 million, PAIR's) research the Quarterly Reports on BOTH companies closely, ie: inventories, cash, pricing, 3 million + dollars worth of Bonds issued by the State of Alabama for ADTN, etc.... I think you'll see the point. It's a rather long story. There is a BIG difference between "good fundamentals" and "price performance" on these two. Fundamentally, PAIR appears superior. The illusion of good fundamentals and actually having them is a two different things. Of Course: "That's just my opinion. I could be wrong." Your buddy, Jay

To: Samuel J. Bennett who wrote (29634)	4/1/1999 8:19:00 AM
From: DWCraig	Respond to of 36349

Sam, Stock prices reflect expectations of future company performance. Elder puts it better: "Each price is a momentary consensus of value among all market participants." Over the past month, PAIR's value/prospects, as reflected in price action, appear to be outperforming Adtran's. JMO --Doug Thanks for the chart, Jay!

To: Samuel J. Bennett who wrote (29634)	4/1/1999 10:47:00 AM
From: Rainmaker	Read Replies (1) \| Respond to of 36349

Sam, a review/analysis of a company's fundamentals also must include a look at their product profile and customer mix. To belittle PAIR a bit, compare their products against what The Competition has to offer. Aside from the T1/E1 plugs, there is nothing else. Their biggest downfall comes in the form of (random order): 1) no international exposure 2) no systems platform 3) no ADSL technology, and 4) continued price erosion in a commodity market. If one looks at PAIR's revenue shift over the past 2 years, it's clear that HDSL products, although still the majority money maker, has declined sequentially. This is in line with the company's transformation from a plugs outfit to a networking company. These are the same reasons why Avidia was introduced to compliment the PG Family of products and why Pascoe was brought in. Good luck with PAIR. In the coming months, the rewards of owing this beaten up stock should be realized.