Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: bronco2 who wrote (31505)	5/19/1999 6:58:00 PM
From: bill c.	Respond to of 36349

Sprint/Pairgain/SuperComm99, If anyone is going to SuperComm99, check out the Sprint booth #7125 with Pairgain's DSL equipment. sprintnorthsupply.com

To: bronco2 who wrote (31505)	5/21/1999 11:10:00 AM
From: bronco2	Read Replies (3) \| Respond to of 36349

I found the following from the 1996 Pier 1 (PIR) 10K report about the trading loss at Capital Insights: >"In late December 1995, the Company was made aware of trading losses of $19.3 million resulting from trading activities in a discretionary account." They actually reported their loss later than Pairgain did????????? Below is parts of the news release from two days ago: >"The investigation centers on S. Jay Goldinger and Capital Insight Inc., a Beverly Hills money management team that lost about $100 million of client funds, including $15.8 million belonging to PairGain, the filing said. As part of their inquiry, the U.S. Attorney's office and the SEC are seeking to determine whether PairGain broke any laws in connection with its Capital Insight investments or whether it failed to promptly disclose its losses. ...................PairGain announced its losses on Dec. 1, 1995, saying its broker was responsible for ''substantial unauthorized trading activities in Treasury securities.'' Capital Insight also advised Pier 1 Imports Inc., which lost $19.3 million from the alleged unauthorized trading." Obviously, they can't claim pairgain reported late, unless they charge Pier 1 with the same crime? What other crimes could they think pairgain committed???????????????????????