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Technology Stocks : Spectrian Co. (SPCT)

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To: Pr-Ac Man who wrote (501)10/23/1997 9:06:00 PM
From: Leo Francis   of 738
 
6.4 million in earnings Q1, 6.3 million in earnings Q2. They missed sequential growth here. Revenue growth was up, but not by much. I did not participate in the conference call, because of my schedule. If there was no bad news, SPCT will though rebound nicely tomorrow, and I believe we'll see a short term trading range of $50-$60 through the end of the year.

I think, the stock took a hit, on slowing growth, but it was an over reaction. But it does appear that slowing growth is an isssue.

$42 is too cheap, and $65 is "fully valued" right now, IMO.

I also believe we will see upgrades.

Good Trading, LF
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