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Technology Stocks : Spectrian Co. (SPCT)

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To: Leo Francis who wrote (400)10/9/1997 7:01:00 PM
From: Richard Tuck   of 738
 
Leo,

It looked like we had two surges (one down, one up) in the last hour of trading. Between 3:00 and 3:30, about 100K shares traded and the stock dropped about 2 points. Then there was about a 15-20 min. lull and then the buying surge at the end. I don't know if the volume will carry over into tomorrow or if the daily volume will continue to decline towards the pre-runup/collapse norm of 100-200K/day.

As good as SPCT's gains were today, PWAV and MPDI did much better. PWAV was up about 12% and MPDI about 17%. Do you think this is because PWAV beat estimates. If SPCT scores $0.70 this quarter, does that mean SPCT should be at 0.7/0.26 x 48 (approx. PWAV price) = 129?

Richard
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