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: RumKola who wrote (2939)	12/18/1998 1:09:00 PM
From: Tapcon	Read Replies (1) of 3431

GEMS recent performance. I am recalling last year about this time, one of those "What looks promising in 1998" articles was promoting GEMS as a possible winner. At that time it was selling at around 10. I'm wondering whether some of the recent weakness could be tax loss related selling. GEMS appears to be selling at less than book value, reported on yahoo at $6.97/share. By the way, can anybody shed some light on the earnings posted on yahoo for GEMS? Earnings per share are posted at negative 1.79/share, but projection for 98 average estimate from 8 analysts is 32 cents, with Mar, Jun and Sep earnings reported at .05, 0.0, and .18, respectively. Earnings should be coming out soon for Dec. Sept. 98 earnings offered a positive surprise. Anybody know what is happening this quarter? --Paul

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