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

To: tuck who wrote (30555)	4/17/1999 1:29:00 PM
From: DWCraig	Read Replies (2) \| Respond to of 36349

I decided to do some checking on statements/comments by Pairgain or ECI re: the hoax. This is not a complete listing, but it's everything I could find (and not find) in the obvious places. The first comment by McBrayer was repeated in several articles, which aren't all shown here. The only statements which seem to rule out a PAIR/ECI deal are quotes attributed to McBrayer and to an ECI spokesperson. I could not find any official denial of the deal on either company's web site. If anyone can locate any other statements by or attributed to PAIR or ECI on the supposed deal, please post them to the thread. Thanks. ---------------------------- ''We have not announced an agreement with ECI,'' stated Charles McBrayer, PairGain's chief financial officer. April 7, 1:54 pm EST, company press release: biz.yahoo.com April 7, 2;09 pm EST, Business Wire marketwatch.newsalert.com ---------------------------- "It most definitely was a false report," company spokesman Stephen Moore told CBS.MarketWatch.com. "We're trying to run down who did it." "We have not announced an agreement with ECI," PairGain CFO Charles McBrayer said in a statement." April 7, 4:34 pm EST, CBS MarketWatch Report: cbs.marketwatch.com ---------------------------- "Bloomberg published its own story, denying the bogus feature and quoting an ECI spokesman as saying that company was not in talks to buy Pairgain. A Bloomberg spokeswoman declined to comment beyond what was written in Bloomberg's real story." April 7, 7:37 pm EST, Reuters dailynews.yahoo.com ---------------------------- Todd said he then called PairGain Chief Financial Officer Charles McBrayer to clarify the situation. "He told me there was absolutely no truth to it and he had no idea who put it out there," Todd said. April 7, 11:25 pm EST, ZDNet article dailynews.yahoo.com ---------------------------- There is no press release by PAIR on it's website for April 7, 1999. pairgain.com A search of its website for "ECI" and "Bloomberg" produces no hits pairgain.ni.net ---------------------------- There is no press release by ECI on it's website for April 7, 1999. ecitele.com A search of its website for "PAIRGAIN" produces two hits: An earnings release on March 24, 1999 that includes the following: "During the quarter, the Company received several major contracts including a $100 million multi year frame contract from Telenet for the new Multigate product, an additional $54 million order from PLDT in the Philippines and a $28 million frame contract from France Telecom which named ECI its sole supplier of Access network pairgain systems." ecitele.com and another on April 8, 1999, "The Business Case for Hi-FOCuS", which includes the following: "ECI Telecom is a world leader in copper enhancement solutions with vast experience with local loop technology including Pairgain, HDSL, DLC and now ADSL/xDSL."