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Technology Stocks : Glenayre Technologies(GEMS)- a pure cellular PCS play?
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To: van wang who wrote (2457)1/15/1998 7:50:00 AM
From: Paul Dubsky   of 3431
 
Looks good to me. I particularly like point #5, that world-wide paging subscribers will double by the year 2001, to 200M! Doesn't appear to be an industry in decline afterall.

Whenever a new technology comes out (e.g, cellular and PCS), everyone thinks that it will immediately wipe-out the existing technology. However, 1) if it eventually does, it takes years, not months for it to happen, and 2) in most cases, the *older* tech usually finds its niche and goes on strong for years to come, if not even stronger. Hey, cable was supposed to wipe our TV broadcasters, but in actuality, it strengthened them!

Thanks for the indepth report, van.

Paul
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