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

To: Rainmaker who wrote (31406)	5/17/1999 2:43:00 PM
From: stevie ray	Read Replies (2) \| Respond to of 36349

From their latest 10-Q. Nice job, Strauch........ SUBSEQUENT EVENTS In May 1999, we reached an agreement with Harris Corporation to settle and dismiss the complaints Harris filed in April 1998. Under the terms of the settlement, in order to avoid further litigation and controversy, we agreed to pay the sum of $1.5 million to Harris and both parties agreed to dismiss their actions with prejudice. The impact of the settlement will be recorded in our financial statements for the quarter ended June 30, 1999. See Note 9, Subsequent Events, in the Notes to the Condensed Consolidated Financial Statements in this Report. During the second quarter of 1999, E/O Networks filed for protection under Chapter 11 of the U.S. Bankruptcy Act. We are currently evaluating the impact this may have on the carrying value of our investment. No adjustment has been made to the carrying value of the investment in our financial statements for the quarter ended March 31, 1999. Pascoe arrived none too soon.