Stock Watcher's Thread / Pix of the Week (POW) Message Board

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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW)

VSAT 35.80

-6.5%

Dec 12 3:59 PM EST

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To: David Haith who wrote (36328)	7/25/2000 8:43:58 AM
From: StkProfit$	Read Replies (1) of 52051

Thanks for the link! GEMS earnings looking GUD & qtrs3-4. Stock should get stronger from here through next two quarters.(as expected) Message 14101167 "The main event for the second quarter has been to grow our backlog in anticipation of strong second half revenue growth. In this we have succeeded, with the highest book to bill ratio Glenayre has seen in eight quarters, and a backlog that has grown more than 50 percent, both sequentially and year over year. We have seen tremendous strength in our Enhanced Services Platform products and continuing order growth in the ReFLEX(TM) wireless device and infrastructure business. Sales in the wireless products area were a little lower than originally anticipated, mainly driven by the fact that most of the US two-way operators are planning their 'hard' two-way market launches for the third quarter. This is supported by the fact that in the second quarter we booked major orders for both devices and infrastructure for sales in the second half of 2000." ---------GEMS has been one of my Y2K picks since Dec99---

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