Glenayre Technologies(GEMS)- a pure cellular PCS play? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: tide who wrote (2802)	8/9/1998 11:19:00 AM
From: H James Morris	Read Replies (1) of 3431

Hi Gems follower's. You would have to go way back to see me on this thread but I have had a pretty successful profit in this stock. I remember its former glory days. Actually I lost money the first time in the Gems gate. Wall Street loved it and I thought it was over valued, so I bought some puts, If I recall the $40's and Wall Street took it up to 50 +, ouch. I recouped that and more when I got back in @ 10 and sold @ 20. I haven't been back but saw this BW clip and decided to pay you Guys/Gals a visit. A couple of things from the past and why I left. Gems had a ton of cash in the bank but spent it all on those acquisitions. They also announced that they would sell off their Mobil business which Smith told Wall Street was worth $150mil. As you all know they still haven't found a buyer, so I believe that, they can't give it away (remember that was the $150mil that WS thought was going to be back in Gem's checking account) Wall Street hates Gems because of its poor communications and lack of guidance and that doesn't appear to gotten any better.Being so linked to China, hasn't helped either. If this Market wasn't so goosey I might put my toe back in the water, but as another critic of Gems here posted, Gems really should have brought in a new CEO long ago. So now you can ask, what is wrong with their board of directors? Linda said, " she would like to make some money in her life time." The last question any man should ask a women!! Linda how old are you? Good luck.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next