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

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To: Mark A. Palma who wrote (2554)2/11/1998 7:06:00 PM
From: Mark A. Palma  Read Replies (1) of 3431
 
It looks like GEMS beat quarterly earnings by .01 and missed yearly earnings by .01 according to Yahoo Research. They have estimates at .14 for Q4 and .85 for year. Don't know what effect these results will have on the stock short term. I was expecting better earnings myself. They did achieve the sales mark of over 400 million, but from what I can tell numbers are definatley not spectacular. I do believe within a couple of months GEMS will be back in the low to mid 20 range. I have been trading this stock for awhile now and have done pretty good on it! Good luck to all!

Mark A. Palma
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