Glenayre Technologies(GEMS)- a pure cellular PCS play? Message Board

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Technology Stocks : Glenayre Technologies(GEMS)- a pure cellular PCS play?

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To: StkProfit$ who wrote (3321)	6/6/2000 1:03:00 AM
From: Chisy	Read Replies (2) of 3431

Institutions like us! insidertrader.com And now there is this: All Headlines Wisconsin investment board ups Glenayre stake CHARLOTTE, N.C., June 5 (Reuters) - Glenayre Technologies Inc. (NASDAQ: GEMS) said Monday it would let its biggest investor, the State of Wisconsin Investment Board, boost its stake in the company. Glenayre, a maker of paging and cellular phone networks, said its board had approved a change in its Preferred Shares Rights Agreement that lets the Wisconsin board raise its holdings of common stock to 20 percent from 13.5 percent. "We are glad that our largest investor has asked for approval to increase its investment in our company," Chief Financial Officer Bert Klein said. The common stock held by the investment board are part of its Small Cap Stock Portfolio of the Wisconsin Retirement System, which is the pension fund for 465,000 public employees. Glenayre was up 1/8 at 10-3/4.

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