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Technology Stocks : Spectrum Signal Processing (SSPI)

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To: Ann May who wrote (42)4/4/1997 10:25:00 PM
From: L. J. Rose   of 4400
 
I looked up their chart the other day and it said they made $.09 EPS last quarter. The $.13 was what they reported in their news release. For some reason I haven't seen their annual report (I should have gotten it in the mail). In either event, even at $.09 they have shown some pretty good earnings and steady growth for over a year. They keep announcing new products and contracts so I think their growth will contine. IMO SSPIF is currently under priced at just over $5.00 a share. I know a number of stocks whose earnings aren't any better than Spectrums, have a growth rate that is also no better than Spectrum's and sell for a lot more. I just bought some of their stock at 5 1/8.
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