PairGain OKs 2-for-1 Stock Split

PairGain Technologies Inc., one of Orange County’s star high-tech stocks this year, has approved a 2-for-1 stock split.

The split, which is payable Wednesday to shareholders of record Dec. 11, is the second in six months for the telecommunications company.

PairGain stock, which has more than doubled this year, closed Friday at $64.25, down $1.31 per share, in trading on the Nasdaq market.