Eci Telecom Company

Washington--Regulators are searching for the source of a faked news story posted on the Internet that boosted PairGain Technologies shares, and analysts said a swift crackdown is likely in order to prevent more fraud. Internet search firm Lycos has been contacted by the SEC and New York state authorities and will provide information to them after it receives subpoenas, a Lycos spokesman said. Lycos operates the service where the page appeared.

Washington--Regulators are searching for the source of a faked news story posted on the Internet that boosted PairGain Technologies shares, and analysts said a swift crackdown is likely in order to prevent more fraud. Internet search firm Lycos has been contacted by the SEC and New York state authorities and will provide information to them after it receives subpoenas, a Lycos spokesman said. Lycos operates the service where the page appeared.