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: Jeffrey L. Henken who wrote (2040)	9/25/1997 6:08:00 PM
From: Jeffrey L. Henken	of 3431

GEMS is still caught it the downdraft from MOT's preannouncement. Too bad GEMS doesn't announce a nice fat contract like MOT did today. ** SPRINT CORP. (FON: 47-3/4, + 1/4) is expected to award about $700 mln in contracts for digital wireless telephone equipment to MOTOROLA INC. (MOT: 69-5/8, + 3/8) and NORTHERN TELECOM LTD. (NT: 104-7/16, + 7/16), the Wall Street Journal reported, citing people close to the matter. The paper said in its electronic edition Thursday that both Motorola and Northern Telecom beat out LUCENT TECHNOLOGIES (LU: 80-15/16, - 5/8), among other companies, for the contracts. Motorola is expected to take about 60% of the contracts from Sprint, and Northern Telecom about 40%, the paper said. The equipment will be used by Sprint PCS -- which is about 40%-owned by Sprint -- to fill out its national communications network, the paper added. (Reuters)

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