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

To: milo minderbender who wrote (2736)	6/24/1998 1:29:00 AM
From: dale w ruckle	Read Replies (1) \| Respond to of 3431

After 17 weeks on a work-share program, 300 Glenayre Technologies Inc. (GEMS:NASDAQ) employees are working full time again. Vancouver-based Glenayre had placed approximately one-third of its staff on the federal program in February, after a significant drop in Asian business forced it to scale back its Vancouver-based production. But things are beginning to turn around for Glenayre, which specializes in paging switches, transmitters and voice-mail box switches. The 300 employees, who during four months worked three days a week and collected employment insurance for the remaining two days, are fully occupied. Among recent projects coming from China -- the only Asian market generating consistent business for Glenayre -- is a $9-million contract to provide a complete high-speed paging network for the Zhejiang Province P&T Radio Paging Co. The network, to be in service in November, has the capacity to support two million subscribers.* BEGIN NEW SEARCH TOP OF PAGE