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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: David Lawrence who wrote (18648)	4/15/1999 2:15:00 PM
From: Scrapps	Respond to of 22053

NEW YORK (CNNfn) - U.S. officials arrested an employee of PairGain Technologies Inc. Thursday for allegedly posting fake messages on the Web last week that sent the company's shares soaring. The U.S. attorney's office in Raleigh, N.C. said PairGain engineer Gary Hoke, 25, was arrested in connection with the posting of a web page designed to resemble an Internet news page of Bloomberg LLP. Hoke was brought before a judge, posted $50,000 bond, and was then released. The bogus report, which was touted on various Internet portal message boards such as Yahoo! (YHOO) and Lycos (LCOS), caused shares of PairGain to soar. PairGain said Hoke was employed at the company's Raleigh, North Carolina Design Center and has worked for PairGain for two years. He has been suspended without pay. The U.S. Attorneys Office in Los Angeles office said the investigation is on going but an official there declined to comment on whether any additional people may be under investigation. In a civil lawsuit filed Monday, Bloomberg targeted five unidentified people. The day of the report, shares of Tustin, Calif.-based PairGain, a communications gear maker, rocketed and then fell sharply once the hoax was uncovered.

To: David Lawrence who wrote (18648)	4/15/1999 2:15:00 PM
From: Scrapps	Respond to of 22053

Yeah just heard that. Did you catch the position he held?...not the bent over one now in.

To: David Lawrence who wrote (18648)	4/15/1999 2:51:00 PM
From: Scrapps	Read Replies (1) \| Respond to of 22053

[It really was a Hokes] U.S. Attorney arrests Gary Hoke of Raleigh, NC, after stock-pumping hoax.

To: David Lawrence who wrote (18648)	4/15/1999 3:33:00 PM
From: John Ritter	Respond to of 22053

Almost funny since PAIR is now (one week later) higher than the hoax induced rise. However, I might have kept the stock and not sold at the spike so induced had not the hoax occured and so am mad. That said I bought COMS with the profits from PAIR at 8. My unhappiness now is with COMS rise stalling. What is going on here, I expected 25 by now?!