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Technology Stocks : Spectrum Signal Processing (SSPI) -- Ignore unavailable to you. Want to Upgrade?

To: Bob B. who wrote (3899)	2/25/2004 4:21:37 PM
From: Findit	Read Replies (1) \| Respond to of 4400

Doesn't sound like this baby is going anywhere soon. From the er - '2003 was a very difficult year for us. However, we ended the year with both revenues and bottom line within our revised 4th quarter guidance and a positive cash balance,'stated Pascal Spothelfer, Spectrum's President and CEO. 'We have started 2004 by concluding our strategic review process and have now completed our restructuring activities. We can now focus fully on managing our core business.' Mr. Spothelfer continued, 'Our 2004 plan is based primarily on revenues expected to be derived from existing customers and programs. Additionally, the growth of new product revenues is expected to exceed the decline of legacy product revenues in 2004. This, combined with anticipated year over year operating expense savings of 25%, is expected to positively impact both our bottom line and operating cash flow.' Jim