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

To: Linda Kaplan who wrote (2350)	12/2/1997 10:30:00 AM
From: Jeffrey L. Henken	Read Replies (1) \| Respond to of 3431

I see great value but no strength at all based apon it. That is what I'm saying. How can we expect GEMS to truly appreciate in value without a decent growth rate. What I would like to see from management is a little better communication about how their business plan can get this company back on a growth track. This stock sells at a ridiculously low PE and yet it will not appreciate as it should simply because no one is sure there will be any more than 10% growth going into the future. That unfortunately is nothing to get excited about. I'm hanging in there with GEMS and in fact would consider buying more shares at this level but I'm along way from happy with Glenayre. The waters ahead are far too muddy for me. Regards, Jeff