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Technology Stocks : Spectran (SPTR)...Speaking of White Hot Lately
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To: Uncle Frank who wrote (1085)4/30/1998 12:55:00 PM
From: Uncle Frank  Read Replies (1) of 1147
 
Positive comments from Spectran management:

STURBRIDGE, Mass., April 30 (Reuters) - SpecTran Corp., a maker of glass optical fibers and fiber-optic products, said Thursday that price
weakness and oversupply hurt its first quarter but the problems appear short-lived, and the company has set a target of double-digit revenue
growth for the year.

''We believe the problems of price weakness and oversupply are likely to be relatively short-lived in light of the strong underlying growth in
demand for optical fibers,'' the company said in a news release accompanying first quarter results.

''Our goal is a double-digit increase in revenues for the year,'' SpecTran said.

SpecTran reported first quarter net income of $864,000, down from $1.12 million for the 1997 first quarter. Revenues fell to $15.23 million from
$16.23 million.

SpecTran President and Chief Executive Officer Charles Harrison said first quarter results were hit by tough competition in the standard
communication fiber market, caused by a supply/demand imbalance and exacerbated by unsettled economic conditions in Asia.

Much of the fiber revenue decline was offset by revenue increases at the company's specialty optics unit, as well as an ''improved product mix''
at the communication fiber technologies unit, Harrison said.
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