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Technology Stocks : Glenayre Technologies(GEMS)- a pure cellular PCS play?
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To: KENNETH R SANDERS who wrote (2716)5/12/1998 11:17:00 PM
From: Walter R. Roche   of 3431
 
I too took a profit on 2/3 of my position in GEMS at 16 3/4, I do see 20 this year but a retrenchment possibly to the low 15's when we see a possible summer technology duldrum. I am loooking to enlarge my position at that point if I can.

Overall GEMS is the number two paging company, with Motorola in decline.

The paging industry is not dying, look at the operators in this country.

Even with the problems overseas, paging has done quite well.

This is still a cheap company for a LU or NT takeover.
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