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Technology Stocks : Spectrum Signal Processing (SSPI)
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To: Sarah Chapin who wrote (2316)3/10/1999 4:07:00 PM
From: JP  Read Replies (2) of 4400
 
Sarah,

That's a good perspective. I think it's very important, however difficult, to separate what the company is actually doing versus stock price performance. In the 3 or 4 months that I've owned the stock there has been little or no correlation between the two. For the most part the news from Spectrum has been very positive - cost cutting moves, design wins, a new defense contract, and a break even quarter despite a missed shipment. There's no reason for me to believe at this time that the company is not executing its business plan or that it is communicating dishonestly with shareholders. The real value of Spectrum, whatever that is, is no different than what it was 6 months ago. However the market capitalization and stock price have changed radically due to emotion, fear, and frustration. If we assume that Spectrum will become profitable in the next quarter or two then the current price of $2 is an unbelievable buying opportunity. For myself I've chosen to just stand firm due to the fact that I initially invested fairly aggressively. I'm determined not to jump to irrational conclusions based on the meaningless action of the stock. I wish everyone the best and would urge that we all show some patience for at least the next 2 quarters. If Spectrum begins to show any signs of life in their earnings reports this stock should rebound nicely. In a couple months we'll get our next peek; until then I'm determined to remain confident.

JP
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