Gamma Cephei - Rotation or planetary companion?

In 1988 Gamma Cep was reported as a single-line, long-period spectroscopic binary with short-term periodic (P = 2.7 yr) residuals which might be caused by a Jupiter-mass companion. Eleven years of data now give a 2.52 yr (K = 27 m/s) period and an indeterminate spectroscopic binary period of not less than 30 yr. While binary motion induced by a Jupiter-mass companion could still explain the periodic residuals, Gamma Cep is almost certainly a velocity variable yellow giant because both the spetrum and (R - I) color indices are typical of luminosity class III. T eff and the trigonometric parallax give 5.8 solar radii independently.