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

To: Robert Webb who wrote (30414)4/15/1999 1:48:00 PM
From: bill c.  Read Replies (1) | Respond to of 36349
 
FBI arrests employee in PairGain hoax

An employee from PairGain Technologies has been charged with circulating a false report on the Internet that drove up the company's stock 31 percent, the FBI said. Gary Dale Hoke, 25, of Raleigh, North Carolina, was arrested in connection with securities fraud; he is accused of fabricating a news story that claimed the maker of high-speed access products was being acquired for $1.35 billion in cash.

news.com



To: Robert Webb who wrote (30414)4/15/1999 1:59:00 PM
From: Bob  Read Replies (1) | Respond to of 36349
 
Bob,

I think PAIR could have some problems now with the SEC, because they have led the street to believe that it was bogus. Maybe it will just take longer to announce like late summer or early fall.

I keep going back to what the CEO said when asked about the report,

"We have not announced that."


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