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: Skeeter Bug who wrote (2239)	10/24/1997 11:57:00 PM
From: Jeffrey L. Henken	Read Replies (1) of 3431

There are limits to a selloff. Has GEMS reached that limit? I don't know. But it is cheaper now than when you sold. Less risk you know. Irregardless of where the selling ends it is certainly being influenced by the situation in China. MAJOR COMPANY/INDUSTRY NEWS: (All prices as of 1:05 p.m. ET) ** Shares of SEMICONDUCTOR EQUIPMENT stocks fell sharply today over fears of Asia's financial woes, weakening DRAM prices and analysts' downgrades. With Asia representing about 50% of the market for fabrication equipment, a slowdown in purchases could produce a flat to down year in sales for equipment in 1998. Most industry research firms had expected 1998 to be a growth year. Compounding the problem is a further deterioration in DRAM prices, with 16 meg chips falling below production costs and next generation 64 meg chips falling rapidly as well. With more DRAM capacity coming on-line the pricing outlook is not favorable and may lead to a sharp reduction in equipment purchases. These kinds of stories show up under MOT. Have a great weekend, Jeff

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