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Technology Stocks : Glenayre Technologies(GEMS)- a pure cellular PCS play? -- Ignore unavailable to you. Want to Upgrade?

To: Rob Wachowsky who wrote (3367)	4/28/2001 1:52:17 PM
From: Chisy	Respond to of 3431

I had bought this stock at 4 prior to the last big run up and sold for a handsome profit. I now own just a few shares and will accumulate below 3 for another future run up. I think this company will do all right when this market stabilizes. Lots of luck in your investments, Chisy

To: Rob Wachowsky who wrote (3367)	4/29/2001 8:41:25 PM
From: KyrosL	Read Replies (1) \| Respond to of 3431

David, they had a $5 million cash burn in the last quarter. The quarter was atrocious for the entire comm industry, not just GEMS. They have $80 million cash. They can last a long long time at this cash burn rate (4 years to be exact.) I expect that their restructuring will reduce their expenses and keep the cash burn at or below 1stQ rate. Their future location products sound very promising. Insiders own a good chunk of the company and have a great incentive to succeed. What makes you think they are headed for Chapter 11? I am considering buying some here, and need all the info I can get before pulling the trigger.