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: H James Morris who wrote (2557)	2/11/1998 8:37:00 PM
From: Linden	Read Replies (1) of 3431

Are we reading the same press release? "The decrease was due to increased operating costs associated with international operations, increased selling and general adminstrative costs to support growth in enchanced services products, lower gross margins on international turnkey business and the mix of lower margin products shipped" "adopted a flexible shortened work week to match capacity to demand" "Initially, shipments and earnings will be sequentially down during first quater 1998" That's the reason it's $14 stock!!!.....and it's going lower...

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