Thanks for the interesting post on relative performance within the DSP group. I like the recent emphasis on this board, with regard to the business performance of Spectrum, as opposed to hyping it's technology. I find some of the attacks on Edwin, for questioning whether Spectrum is a good investment, to be outrageous. I would like to ask these detractors, if they think their due diligence has been so superior, how do they rationalize the absolutely horrible performance of their investment? Hopefully, the purpose of this board will shift to analyzing Spectrum as an investment.
Did I do my DD on Spectrum? Hell no! It is one of my absolute worst investments ever! I absolutely blew it! I can only rationalize it as a lesson in how not to invest. I think it's educational to look at the performance of SSPI versus the top performer in the DSP group that WTSherman posted:
DSPG- 78% institutional ownership, annual sequential earnings from 1994 of .21, .75, .44, 1.09, 1.36
SSPI- 1.3% institutional ownership, annual sequential earnings from 1994 of -.10, -.08, .17, .20, -.02
O.K., due diligence guys, please tell me why you invested in SSPI versus DSPG?
DSP Group, Inc. develops and markets digital signal processing integrated circuits and software. These products are used primarily in the consumer telephone and computer telephony markets. Digital technology is utilized for digital telephone answering devices and also for computer technology such as voice mail messaging, digital simultaneous voice and data transmission & video conferencing. Its proprietary designs PineDSPCore & OakDSPCore are solutions for current and emerging digital signal processing. TrueSpeech proprietary algorithms are incorporated in TAD speech processors & PC speech co-processors. Microsoft uses TrueSpeech algorithm in its software. DSP technology is licensed to OEMs for disk drives, cordless telephones,audio products, modems, multimedia boards & more. |
