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

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To: Robert Smith who wrote (2783)7/29/1998 4:56:00 PM
From: Jeffrey L. Henken   of 3431
 
I'm sorry Robert. I have no GEMS shares at this time. Due to the Asian crisis Glenayre was unable to deliver on it's second half of 1998 promise, thus far. I was encouraged by the large backlog in orders and am very close to buying in myself but I would have to pick up the phone and call Glenayre first. Why haven't they sold Western Multiplexer? Will they be able to get orders out the door in a timely fashion the rest of the year? Are they going to toy with investors by issuing positive press before they drop another earnings bomb like this quarter or will they really start to exceed reduced earnings estimates in the future.

Ask those questions of someone at Glenayre. That's my advice. You still won't be investing risk free but you will feel better.

Regards, Jeff
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