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: Kevin K. Spurway who wrote (2223)	10/23/1997 8:22:00 PM
From: Jeffrey L. Henken	of 3431

I think earnings were fine. The book to bill was not. The size of recent contracts was not large enough. But I do believe the selloff today was for the most part due to Hong Kong. I won't sell into weakness. This stock is volatile. There was no downgrade today. They did meet estimates. They did it on the wrong day. I will wait for it to move back up again before I sell. That being said I am going to stop predicting stock movements after this one last time. This stock has been to eight. It's been to fifty. It will be between those two figures but on the low side for a while. Here is the press from infobeat on earnings: Late Wednesday, GLENAYRE TECHNOLOGIES INC reported 3Q EPS of $0.24 vs $0.22 on revenues of $112.1 mln vs $91.5 mln last year. Analysts' mean estimates were $0.24, according to First Call. (PR Newswire 06:01 PM ET 10/22/97) For the full text story, see infobeat.com Regards, Jeff

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