Insiders are buying GEMS
Glenayre Technologies (GEMS): Bruce Bales, President, Messaging Business, bought 10,000 GEMS shares on 5/13 at $2.74. A director, Donald Bates, added 1250 shares at $2.72 to his holdings. On 5/10/05, the Company announced the acquisition of Universal Music's CD & DVD manufacturing operations. The deal is expected to produce an immediate positive cash flow according to the company.