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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Jane4IceCream who wrote (15351)	3/4/1999 9:16:00 AM
From: LakesideTrader	Respond to of 90042

Hey, Tuesday I woke up to the news of XYLN. Wednesday the rumor of MTC. Today I was hoping to hear about PAIR! How disappointing! I thought I was on a roll. :-)

To: Jane4IceCream who wrote (15351)	3/4/1999 12:40:00 PM
From: Waldeen	Read Replies (1) \| Respond to of 90042

Jane, if you look at GEMS, also look at Powerwave (PWAV), Spectrian (SPCT) and Microwave Power Devices (MPDI). They are GEMS competitors. I've been trading PWAV on and off for 2 years, so am familiar with this area (wireless amplifiers), I work in a similar field, I grew up within 100 miles of GEMS IL plant. But, then I don't follow GEMS as closely as the three above, since GEMS is clearly the least competitive of all power amplifier makers IMO. GEMS last year lost competitiveness in the market to the above three suppliers, and the price dived. Also the industry consolidated some last year (PWAV bought out HP's power amp bus.), and the industry was out of favor because a lot of the wireless uses for these products is ASIA/South America. Last year these companies all dived with the "Asian Crisis". But if you look at companies like PWAV, though, you can see it has already rebounded. In fact, I am out, as it is near a peak IMO. The industry is very niche market, and cycles. So it seems that GEMS is also a TMEX pick(?), but it looks ill advised to me, IMO. PWAV has already recovered, and MPDI and SPCT may be better short term plays if there is still a recovery in this industry (the feeling that ASIA contracts are not going away, etc.). GEMS, may tag along with the recovery, but there business is still questionable IMO.... and they'll be the first to tank when this area cycles down: wouldn't get caught holding the bag IMO. I am too busy to go into more detail at this moment, welcome any criticisms. But please also compare GEMS, SPCT, MPDI, and PWAV before jumping in GEMS. That will give you a feel for this sector. good luck, and best wishes, Waldeen

To: Jane4IceCream who wrote (15351)	3/4/1999 12:44:00 PM
From: Junkyardawg	Respond to of 90042

I just read this on the wires. It is the craziest thing I have ever seen. NCR OKs reverse split to cash out small investors Reuters Story - March 04, 1999 09:17 DAYTON, Ohio, March 4 (Reuters) - In a move to squeeze out smaller shareholders, NCR Corp., a data warehouser and automated-teller machine maker, said it plans a reverse stock split followed by a re-conversion of the stock into its original form. NCR, which spun off from AT&T in 1997, said in a prepared statement it proposes to set a 1-for-10 reverse split, to be immediately followed by a 10-for-1 split. Any shareholders with less than one share after the reverse split will be reimbursed in cash for their stake and remaining shareholders will have their shares converted back to its original form, the company said. NCR said the move is designed to give shareholders with fewer than 10 shares a cost-effective way to "cash-out" of their holdings. If approved by shareholders, the company said the stock splits would occur during the weekend following the market close on May 14 and would be completed prior to the market open on Monday May 17. "These stock splits let shareholders with very small holdings in NCR receive cash for those shares quickly and easily without costly brokerage fees or commissions, because all associated transaction costs would be absorbed by NCR," David Bearman, chief financial officer and senior vice president, said in the statement. NCR said it will incur a one-time charge of about $2 million, and that the "cash out" will reduce annual expenses by over $2 million. Bearman said that the majority of its shareholders with fewer than 10 shares of NCR stock did not choose to invest in the company, but inherited the stock as a result of the AT&T spinoff. Many of these shareholders have asked for an effective way sell out, he added.