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Technology Stocks : Glenayre Technologies(GEMS)- a pure cellular PCS play?
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To: Timothy P. Ainge who wrote (2416)12/28/1997 5:07:00 PM
From: Jyoti sharma   of 3431
 
Timothy

I share your concern of Asian risk in this stock. However the stock price already reflects it. Two insiders made small purchase in early Nov around 11. Gems is now selling 1 1/2 times sales and slightly above book value. Short term the stock may go down with the general market. Long term GEMS will do well. I bot this stock last april and sold in Aug.

Do you have a guess of their Dec quarter earnings?

Good investing

Jyoti
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