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: Deepak NAik who wrote (2719)	5/29/1998 4:23:00 PM
From: Robert Floyd	Read Replies (1) of 3431

Anyone want to hazard a guess at how this will impact GEMS? AirTouch Paging Says Satellite Woes Costly SAN FRANCISCO (Reuters) - AirTouch Communications said that last week's satellite failure, which disrupted paging service nationally, will cost the company about $2 million in customer credits and labor overtime costs. AirTouch Paging said it will give its customers a credit on service fees for the two-day period it was unable to provide service due to a satellite problems. PanAmSat's Galaxy IV satellite failure last week occurred when a computer onboard the satellite crashed and a backup system failed to kick in, leaving the satellite spinning slightly off kilter. Paging companies, television networks, radio and news picture outlets then scrambled to reroute traffic and restore service. AirTouch said its paging service was disrupted for the majority of its 3.1 million customers on May 19. By May 21 virtually all of its customers were able to receive pages in their home markets. Earlier this week, magazine publisher and broadcaster Primedia Inc. said the satellite failure would reduce profits by about $5 million.

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