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


To: Jeffrey L. Henken who wrote (2190)10/22/1997 7:05:00 PM
From: Skeeter Bug  Read Replies (2) | Respond to of 3431
 
jeff, this is in line with what i was thinking. i HOPE (and i'll explain why shortly!) that they held back some dough for future qs.

what is your take on this...

>>Although softness in orders
caused the book-to-bill ratio to slip below one-to-one during third quarter, we expect
both acquisitions to contribute to
fourth quarter 1997 revenues."<<

is this nonsense or what? btb is down. not good. already priced in gems, but must be monitored going forward.

as for acquisitions contributing to revs, that is an absurdly meaningless statement. what? a nickel each ;-)

can we assume they won't contribute to profits?

i really search out this kind of nonsense and, unfortunately, i found it. i hope we see the $20s soon so i can trade out of my position again. not all of it as i'm keeping a long term core position. just the shares i recently purchased about $14.75.

we're not out of the woods yet, imho. the acquisitions might even drag down eps going forward a few qs...