PairGain’s Run-Up

PairGain Technologies Inc., the high-flying telecommunications company based in Tustin, has been getting a lot of attention lately, not all of it good.

Earlier this month, the company’s stock was listed among those with “dangerously high price/growth” ratios in the California Technology Stock Letter, a widely followed stock newsletter published in Half Moon Bay.

Then a television interview with the company’s chief executive appeared on the CNBC financial channel. That, in turn, led to a feature on the company in the inaugural edition of msnbc.com, the highly touted news Web site created by Microsoft and NBC. (The transcript of the Strauch interview was inaccessible, however, because of one of many glitches the msnbc.com site experienced in its first few days.)

PairGain’s stock finished last week at $55.625 per share, down from $69 per share at the beginning of the month, but still more than five times the price the stock was trading at this time last year.

Greg Miller covers high technology for The Times. He can be reached at (714) 966-7830 and at greg.miller@latimes.com.