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Microcap & Penny Stocks : Spectrum Information Technologies (SPCLQ)
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To: leigh aulper who wrote (41)9/2/1997 12:07:00 PM
From: Stephen Goldfarb   of 50
 
Leigh: The company's latest received report (I think for the quarter ending June 30) is hardly laced with optimism. They are earning insufficient funds from their core licensing business to sustain the company. They are, after a period, likely going to have to raise new revenue. Their planned new product, a means of increasing the speed of Internet access to 56KB, remains in development. A prototype is to be shown at an industry event soon. Don't remember which. Meanwhile the share price is eroding. I opposed the severe reverse split (1 for 75). I believed that after an initial corresponding price increase, in the absence of earnings or good news, the price would erode back toward zero. That scenario is unfolding.

Steve

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