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 (2086)	10/12/1997 8:30:00 PM
From: van wang	of 3431

Jeff and skeet...are u guys checking out FSCX (Fastcomm Communications)...they make FRADs...the chairman has bought over 70,000 shares the last three mos. in $5s...still this is not cheap for a small firm the competitor ACT Network (ANET) is extremely cheap...$9 tangible book...$6.2 in cash/mkt sec....Price to book 1.2...trailing earnings adjusted for goodwill and inprocess R&D writeoff is 0.57 per share...which is 21 PE at $12 per share...industry growth is expected to be 40-50% cheers

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