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


To: Jyoti sharma who wrote (6256)3/10/1999 4:28:00 AM
From: Tapcon  Respond to of 78482
 
GEMS is looking for a CEO. As somebody already mentioned, current mgmt appears to be without focus. This company was recommended in Fortune's selection of good bets in technology in December 1997. At that time it was trading around 16. So much for that recommendation!

Ridiculous noise on the Yahoo message boards on this stock. But one point made, supported by 10-Q is that the company let go a lot of engineers in cost-cutting moves.

Nevertheless, if they are able to get a good CEO, it could get a good pop at the news. Downside risk is limited.