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

To: pbham who wrote (2174)	10/21/1997 8:08:00 PM
From: Thomas C. White	Read Replies (1) \| Respond to of 3431

Well, I think that this is nice, but it basically just seems to be announcement of turn-up of an existing system that GEMS has already shipped, I doubt it will of itself move the stock. To me it seems all up to earnings.

To: pbham who wrote (2174)	10/21/1997 10:51:00 PM
From: Jeffrey L. Henken	Respond to of 3431

I think we will see a good move tomorrow. Probably up over 16 again based on this news release. We also had this release yesterday: October 20, 1997 Glenayre Announces New Sales Distribution Program CHARLOTTE, N.C. -- To expand its existing North American sales channels, Glenayre Technologies Inc. announced today that the company is now offering a formal sales agent program that provides service shops and other industry affiliates the opportunity to participate in placement of Glenayre products and communication systems. The program was designed and will be managed by Phil Johnson, Glenayre's vice president of distribution development. Johnson has extensive experience in successfully developing and implementing indirect sales channels within the telecommunications industry. Johnson stated, "Over the past few years, Glenayre has developed a strong network of over 250 independent service providers, including several with sales organizations focused on markets appropriate for Glenayre products. By combining the skills and resources of external agents with our technical expertise, we will add distribution channels that leverage Glenayre's superior products while upholding our high customer support standards." Kerry Heagle, Glenayre's senior vice president of sales for Wireless Messaging Products, added, "By offering an agent program for qualified service shops, Glenayre's sales staff gains contact with additional segments of the domestic market, including non-traditional customers such as hospitals, governmental agencies and large industrial complexes. In addition, selected agents benefit from access to our technical experts and sales force, as well as acquiring lucrative business opportunities." For detailed information on the program, interested parties should contact Phil Johnson at (704/553-0038). Glenayre Technologies Inc. is a worldwide provider of telecommunications infrastructure products and systems serving the paging, cellular, PCS, telco, voice processing, and point-to-point wireless service provider markets. Glenayre's net sales exceeded $390 million in 1996 and the company employs approximately 2,100 people worldwide. Additional information about Glenayre is available on the company's Web Site at: glenayre.com.