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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 (2203)	10/23/1997 5:57:00 AM
From: Linda Kaplan	Respond to of 3431

Headline: TABLE - Glenayre Technologies (NASDAQ:GEMS) Q3 net rises ====================================================================== CHARLOTTE, N.C., Oct 22 (Reuters) - GLENAYRE TECHNOLOGIES INC. CONDENSED CONSOLIDATED STATEMENTS OF INCOME (In thousands, except per share amounts) (Unaudited) Third Quarter Nine Months Ended Ended 9/30/97 9/30/96 9/30/97 9/30/96 Net Sales $112,122 $91,572 $328,065 $286,035 Cost of Sales 52,438 43,830 153,559 129,429 Selling, General & Administrative 25,175 21,171 73,132 58,226 Research & Development 10,165 7,290 28,183 20,697 Depreciation & Amortization 4,949 3,479 14,234 9,855 Income from Operations 19,395 15,802 58,957 67,828 Interest Income (Expense), Net 3,116 2,577 8,124 7,302 Other Income (Expense), Net (306) 29 (1,049) 105 Income before Income Taxes 22,205 18,408 66,032 75,235 Provision for Income Taxes 7,171 4,607 22,592 21,495 Net Income 15,034 13,801 43,440 53,740 Fully Diluted Income Per Common Share 0.24 0.22 0.69 0.84 Number of Shares used to compute fully diluted per share data 63,511 63,748 63,310 63,867 Copyright 1997, Reuters News Service