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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Wallace Rivers who wrote (6248)	3/9/1999 7:04:00 AM
From: Wallace Rivers	Respond to of 78481

Correction about my price to book value figure of GEMS; Price is 3.88, BV/Share is 7.27, thus P/B would be .53.

To: Wallace Rivers who wrote (6248)	3/9/1999 11:26:00 AM
From: Paul Senior	Read Replies (1) \| Respond to of 78481

Wallace: re: GEMS. seems like a company constrained by the technology envelope in which it finds itself. I continue to hold my shares, purchased at $10+. _____ (That was my favorite expletitve you heard) Paul

To: Wallace Rivers who wrote (6248)	3/9/1999 1:20:00 PM
From: Jyoti sharma	Read Replies (1) \| Respond to of 78481

Wallace, GEMS is suffering from the saturation in paging market . Management has no focus. Insider ownership is small and turnover in middle level management is high. Gems will eventually recover with Asia and as they cut overhead to meet lower demand for their products .Their best hope lies in being bot out by some one like Alcatel. The risk below 4 is minimal. I have a lot of shares bot at 5 and 4 dollars and hoping for a double before the end of this year. Jyoti