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

To: George A. Roberts who wrote (30339)	4/14/1999 10:43:00 AM
From: Linda Kaplan	Read Replies (1) \| Respond to of 36349

I don't mind waiting a few days for it to go up considerably (to help you out). Here's a more complete article on the upgrade: Headline: RESEARCH ALERT - PairGain (NASDAQ:PAIR) raised to buy ====================================================================== NEW YORK, April 14 (Reuters) - U.S. Bancorp Piper Jaffray said analyst Conrad Leifur raised his rating on PairGain Technologies Inc. Wednesday to buy from neutral. -- In a research note, he cut his estimate for 1999 earnings a share to $0.34 from $0.40. The company's first-quarter earnings of $0.01 a share, reported Tuesday, was below Wall Street estimates on higher-than-expected operating expenses, but revenues were in line with forecasts. -- "We do not believe PairGain's share price fully reflects the value of the company's DSL (digital subscriber line) opportunity." -- DSL technology "has come to the forefront of investor sentiment, and companies providing DSL equipment of DSL services are being awarded Internet-like valuations." -- "... DSL is a critical enabling technology for the Internet." -- PairGain shares were up 1/2 to 13 in early trade. Copyright 1999, Reuters News Service