A brief article in a local paper (Business in Vancouver) about Spectrum's gains on the TSE.
Spectrum's strong week was primarily due to investors pouring in after
year-end tax selling, says Calgary-based technology analyst Brian Pow of Acumen Capital Financial Partners.
The stock was basically driven back up by long-term people who believe in the story and saw an opportunity to buy it," said Pow. "A little bit of Christmas shopping, I guess, would be the best way to describe it."
The Burnaby-based firm bills itself as the leading worldwide supplier of digital signal processing (DSP) system solutions. DSP chips convert an analog signal, such as sound and images, to digital format, allowing it to be easily manipulated. Fast-growing markets for DSP systems include telecommunications, digital radio and television, and speech recognition systems.
For example, in December, Spectrum announed that Eastman Kodak had designed a Spectrum product into a Kodak digital lab system.
Pow said he believes in the Spectrum story, although it's taken a little longer for the market to realize the story's potential. "The overall market opportunity, I think, is huge for the company. It's just a matter of them closing on some deals," he said.
Regards,
Norden |
