With new board members comes new perspectives, and I think that's
important for the long-term health of this company as we pursue our
strategy of being the DSP systems supplier of choice to major
commercial, military and industrial customers around the world," said
Kenneth Spencer, Chair, Spectrum Signal Processing.
Spectrum Signal Processing is a world leader in DSP system solutions,
and offers DSP software, off-the-shelf hardware, custom ASIC design and
complete custom systems. The company is ISO9001 quality certified, and
can be found on the web at spectrumsignal.com.
From news release involving acq. Alex
DSP industry analyst Will Strauss of Forward Concepts, in Tempe Arizona, commented on the acquisition announced by Spectrum: "The DSP
consolidation trend continues as the strong DSP companies acquire solid, smaller strategic players. The Spectrum/Alex combination is great for the industry and will further solidify Spectrum's position as a leader in the DSP Systems business."
Targeted to fast growing segments such as remote sensing and wireless
applications, Alex's family of software, boards, and modules are based
on Analog Devices (NYSE:ADI) SHARC processor which is entirely
complementary, not competitive, to Spectrum's existing product lines. In addition to hardware, the combination represents a significant
opportunity to dominate the embedded DSP software business by
integrating the features of Alex's "Apex" DSP software development tools with those of established software player 3L, a wholly owned subsidiary of Spectrum, located in Edinburgh, Scotland. Alex also has experience in developing and manufacturing ruggedized DSP boards for harsh environments. All Alex products will be available through Spectrum effective immediately.
Alex has secured significant design wins over the past 18 months with
large commercial and government contractors involved in areas such as
wireless applications (including Signals Intelligence and cellular base stations), imaging applications (such as digital mapping and image processing) and remote sensing applications (such as aircraft radar, shipboard sonar, target recognition and electronic warfare). An order from Boeing Space and Defense (NYSE:BA) represents one such win, with an initial order in excess of US$1M and potential of US$60M over 5 years. Another order was placed by Northrop Grumman (NYSE:NOC) for US$2M over 2 years, and a contract was recently signed with the US Navy with the potential for US$10M over the next 5 years. Alex has also won business in Europe for wireless base station products -- one with a potential yield of US$7.5M which, if successful, will be used in the wireless market by Nokia, Lucent and Motorola.
The estimates I have seen are for 10k boards at 10k/per thats $100M/ contract for tier I Co. See why its hard to value SSPI? The 3rd qtr. cc transcript contains a large clue to the Co's strategic OEM's are:)
Someone may want to contact IR at the company to see if they are still working on the TI and ADI 3G products.
Norden |
