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: gary althoff who wrote (1897)	9/11/1997 6:51:00 PM
From: Julian Wang	of 3431

To All: Good news or bad news: * MOTOROLA INC Messaging Systems Products Group announced September orders for FLEX protocol-based pagers bring the cumulative number of units shipped to a milestone of 20 million since production began in January 1995. The dramatic success of FLEX technology for paging carriers worldwide led the tremendous demand for Motorola's advanced paging devices. Motorola's global shipments of FLEX protocol-based pagers have increased exponentially from 1,000 in January of 1995 to more than 1 million per month in 1997, making FLEX the most rapidly adopted paging protocol in history. (PR Newswire 08:00 AM ET 09/11/97) For the full text story, see infobeat.com * After market close, MOTOROLA INC's stunned Wall Street by telling investors its 3Q results will be significantly below analysts' expectations due to weakness in two of the world's biggest pager markets and a one-time charge of $95 million to discontinue its APPLE COMPUTER Macintosh clone business. Analysts' mean estimates were $0.60, according to First Call. Motorola said the pager market in China is experiencing a larger-than-normal seasonal downturn and that the U.S. pager market continues to struggle with inventory problems. Both of these factors could continue into the 4Q, the company said. (Reuters 05:17 PM ET 09/11/97) For the full text story, see infobeat.com

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