<< why wouldn't they pre-announce? >>
Good question, of which I don't have an answer. It appears, to me, that the Infrastructure business has slowed. Plus, Motorola is a formidable foe. We know that GEMS has turned towards the international market since N.A. isn't taking off. And, there hasn't been an abundance of news of large sales overseas.
Countries like China and India, with population growth basically out of control, really need low cost communications badly. I don't understand why NPCS/BPCS isn't growing faster.
Another positive is GEMS restructuring, which, after reflecting upon it, I feel it fits their business better; but won't take effect until the 1st quarter 1998.
I don't mind being wrong. Playing about 10 "$.50 Nov 15 puts" on GEMS isn't a huge bet. If I'm wrong, I'll cash in and take about a 50% loss.
I like Glenayre's business and management. If they take a hit after earnings, I will buy some as a longer term hold.
<< great trading on cege >>
Each dog has his day. It doesn't happen too often. By the way, your portfolio of biotechs is really hitting paydirt. Nice going!
I bailed out of GZTC, MATK, GILD and LGND too soon. So, I got 1 out of 5 right by cashing in early, and lost some pretty good profits on the other 4! On the other hand, I made some pretty good profits on them. Also, as you said in an earlier note, if I don't buy back into CEGE correctly, it'll be 5 out of 5 wrong.
Good luck with GEMS. My heart hopes that you are right and you really clean up. But, when my wallet speaks to me, it's another matter! <g>
Regards, Bob |
