Richard, WHOOOAAA. SPCT went from 7 to 51, while MPDI went from 3 to 10.
I strongly disagree with your "bearish" signs. Its a mix of Apples and Oranges IMO.
Each Telco, currently "usually" buys from just one supplier. Thats the rub. Its difficult for these guys to expand distribution, but
once they do land an account, its theirs to lose, which is good.
MPDI was getting the "slop" SPCT could not deliver but now that SPCT's capacity is up, they won't lose any business, as they
have in the past.
I know that SPCT has the largest market share. I used to know the market share info off the top of my head. I probally
posted it. If I have time, I'll look for it, but it was 1996 numbers.
Regarding valuations you are correct, SPCT is very under valued, especially if you buy into the fact that earnings estimates are
too low, as I do.
SPCT's technologies and rather novel approaches are being very well received. I was fortunate to be present when an
engineer exec from SPCT gave a presentation to one of their customers/prospects. (I don't know if at the time they were
customers, but they are now.)
IMO, SPCT is about 1 year or more in front of the competition. Their Quad Loop Feed Forward Multicarrier Power
Amplifier for example have set new standards for linearity.
Keep in mind SPCT more than DOUBLED their product portfolio. They have not even begun to show the earnings power
this company has. Over 60% of SPCT's revenue during fiscal 1997 was from NEW PRODUCTS! Those companie you
named are not even close.
SPCT is the world's leader in ultra-linear power amplification.
The worldwide market for wireless communication will triple in four years. From 150 million subscribers to over 450 million
subscribers.
In order to support this growth, the network or infrastructure must be EXPANDED AND UPGRADED. This is what SPCT's
product's help do.
SPCT is also pursuing the WLL markets, leaving the competitors behind IMO.
Good Trading, jmo, sorry for the speech, but this stock is a gold mine, and I am very excited about it. LF |
