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: Louis F. DeCaro who wrote (3034)	2/22/1999 3:41:00 PM
From: 8bits	Read Replies (1) of 3431

<<How many years will GEMS be taking huge writeoffs that lower actual earnings? I thought they earned .17 a share in 1998.>> Well...Last year the write offs were related to a purchase and towards the end of the year layoffs. As long as they don't buy any more companies or get rid of more people or.. whatever.. the write offs will cease. The write offs for the purchases aren't affecting the price of the stock. The failure to execute, poor management, manufacturing problems, and general disarray are what have driven the price so low.

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