SpecTran Expects to Benefit From Growth in Optical
Fiber, Cable Demand
BOSTON--(BUSINESS WIRE)--May 29, 1998--Although the current imbalance between supply and demand for optical fiber is causing temporary problems for fiber producers, the growth in worldwide fiber and cable markets over the next five years is projected at compound annual rate of 15 percent, Ray Jaeger, chairman of SpecTran Corporation (NASDAQ, NMS:SPTR), told the annual meeting of shareholders here today. ''That growth will be driven by continued demand for increasing bandwidth, everything from voice communications, to computing, data networking and video distribution,'' Jaeger said. SpecTran, headquartered in Sturbridge, MA, develops, manufactures and markets optical fiber and value-added fiber optic products.
Although Spectran's earnings, as was announced earlier this year, would likely decline in 1998, Jaeger added, ''we believe the outlook is very bright. The company's long term financial goals of achieving a pre-tax return on revenues of 15 percent, net income return of 9 percent and a return on equity of 15 percent are still achievable.'' |
