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Technology Stocks : Glenayre Technologies(GEMS)- a pure cellular PCS play?
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To: Jeffrey L. Henken who wrote (1881)9/11/1997 11:57:00 AM
From: jim detwiler   of 3431
 
Another firm mentioned in their analysis (more facts Jeff where are yours?)
GEMS announces two acquisitions, intention to divest Wireless Interconnect business ú Acquiring Wireless Access, Inc. and Open Development Corporation, both private companies ú Wireless Access develops and markets two-way paging subscriber products ú Open Development Corporation develops enhanced services software for telecommunications companies ú Purchase price is $148 million in cash and options for both companies ú Glenayre also announced intentions to divest Wireless Interconnect business, formerly known as Western Multiplex ú Acquisitions provide strategic leverage, but not likely to become accretive until 2H98 ú Opinion remains Outperform
This was Legg Mason's opinion of the news.
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