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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 (2198)	10/22/1997 9:28:00 PM
From: SIMember0123456789	Read Replies (2) \| Respond to of 3431

All, is all this news going to send this stock through the ceiling? Let's hear some feedback from some of you veteran GEMS followers. PLEASE!! -D

To: Jeffrey L. Henken who wrote (2198)	10/22/1997 9:55:00 PM
From: Machaon	Read Replies (3) \| Respond to of 3431

I think that my mouth kicked in before my mind, on my last note. Talk about a dummy! SMACK! (Sound of loud smack to side of head) After looking at the earnings report, and reading you guys notes, I think I will go back to my "PUT" stand. Why? Well....... - 9% earnings growth from last year. - Flat earnings growth sequentially - Flat revenues sequentially - Basically flat revenues compared to 96JUN and 96DEC qtrs. - Profit Margin slipped from 13.58% to 13.41% sequentially. Not much, but not an increase. - $3 million+ in interest income. This is about 14% of Pre-Tax Income. .... Perhaps not a big deal to some, but I like to factor out Interest Income. So, without Interest Income, GEMS is heading for earnings of about $.85 for the year, pre merger. At $16 per share, GEMS sell for about 19 times, or higher, 1997 forecasted earnings. - Company is buying two other companies. Usually Wall Street is wary until positive impact is shown. - The other stuff mentioned prior to this note. I don't have a position on GEMS right now. I'm thinking about picking up some puts tomorrow if GEMS spurts up at the open, but I'm not going to make up my mind until I read others opinions on this thread. Anyone feel the same way, or is the general consensus here a bullish one for the near future? Good luck, Bob