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Technology Stocks : Glenayre Technologies(GEMS)- a pure cellular PCS play?

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To: Skeeter Bug who wrote (2192)10/22/1997 7:10:00 PM
From: Machaon  Read Replies (1) of 3431
 
Good going with the earnings!

There were a lot of good sized block trades near the end of the day, pushing GEMS up. Let's hope it continues tomorrow.

But, with a strong earnings report like that, even if their book to bill dropped below 1; for me, this is the end of my playing PUTS on this puppy. The company's too strong. I might even try to pick up some shares myself tomorrow.

Their "one way paging" increase in the domestic market really was a surprise.

Regards, and good luck!

Bob
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