These were clipped from the last two quarterly releases. I'd say it sounds pretty good for the next two quarters.
March 3, 1997
"In 1996 we made a strategic decision to substantially
increase our R&D investment from $3.6 million in 1995
to over $4.6 million in 1996," said Barry Jinks,
president & CEO. "This will yield significant returns
in 1997, such as 25 new Spectrum-designed product
releases.
July 28, 1997
The second quarter of 1997 marked the Company's first
acquisition. In June, Spectrum announced it had
acquired 3L Limited, a complementary, European-based
software company. This acquisition will allow
Spectrum to provide the industry with superior DSP
software tools, and provides a base of European
operations for the Company. Also in the second
quarter, Spectrum announced its intention to buy back
up to 460,000 shares. The Company has purchased a
significant amount and continues to purchase in the
open market from time to time. Barry Jinks,
Spectrum's president and CEO, states, "Second quarter
bookings were very strong at $12.7 million, but a
large percentage of this came too late to
significantly influence our revenue. This large
backlog leaves us in a healthy position for thesecond
half of the year." Jinks also notes, "Over the last
six months, our higher margin Commercial and Aerospace
division has seen a strong sales growth trend of
approximately 70% over the same period in 1996. This
positive trend positions the company well for strong
second half growth." |
