PairGain Technologies Inc.: The Tustin telecommunications products...

PairGain Technologies Inc.: The Tustin telecommunications products company posted profit of $3.1 million, or 20 cents a share, for the first quarter, a 94% increase over $1.6 million, or 11 cents a share, reported for last year’s first quarter. Revenue for the first three months increased 53% to $19.1 million from $12.5 million.