Glenayre Technologies(GEMS)- a pure cellular PCS play? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Gary Ku who wrote (2395)	12/21/1997 10:48:00 AM
From: Jeffrey L. Henken	Read Replies (1) of 3431

Stocks don't tumble on expected charges. If GEMS fails to meet earnings expectations before charges, then it will tumble. If earnings are exceeded then the stock will rise. If they meet them then the stock is at the mercy of the market. This is currently a bad market. Southeast Asia is a large percentage of GEMS business. I think a greater loss than is expected is not at all unlikely. But to say any subsequent further loss in share price would be due to the charge is idiotic. Remember that three separate insiders have bought shares in GEMS recently. I challenge you to name two other technology stocks with a PE of 10 that have had three separate insiders buying recently? I am not saying that the stock could not go lower. But I think your reasoning is not in tune to what I see in normal market reaction to expected write offs. In fact if I used that reasoning I could say the stock will rise when the old Western Multiplexer is sold. Even if it brings in $120 million that won't happen. Why? Once again it is expected. But by June I expect GEMS to be much higher. Regards, Jeff

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next