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Technology Stocks : Spectrian Co. (SPCT) -- Ignore unavailable to you. Want to Upgrade?

To: FChang who wrote (481)	10/22/1997 1:12:00 AM
From: Jason Dekker	Respond to of 738

Apolopy accepted! I just joined SI and those were my first posts. What a way to start, oh well. Believe me I wish I had the inside scoop!!!!!! JD

To: FChang who wrote (481)	10/22/1997 1:14:00 AM
From: Jason Dekker	Respond to of 738

Also, if anybody is wondering I got the insider trading stuff from www.stocksmart.com JD

To: FChang who wrote (481)	10/22/1997 1:34:00 AM
From: Jason Dekker	Read Replies (1) \| Respond to of 738

I never saw this Great old news release posted on SI, Leo mentioned it, here it is: Dow Jones Newswires -- September 11, 1997 Spectrian Shrs Hit 52-Wk High; Sources Cite Trade Show Talk By Tara Siegel NEW YORK (Dow Jones)--Spectrian Corp. (SPCT) shares set a 52-week high Thursday, with market contacts attributing the rise to bullish comments made at the 1997 Personal Communications Services trade show in Dallas this week. The stock traded as high as 54 3/8, displacing the 52-week high of 51 5/16 set July 17. It closed at 50 9/16, up 2 13/16, or 5.9%, on Nasdaq volume of 2.1 million shares, compared with average daily volume of 397,800. Although the wireless communications equipment maker introduced four new amplifiers at the trade show, analysts and the company concurred that its outlook, and not necessarily the new products, moved the stock price. Rauscher Pierce Refsnes Inc. analyst J.P. Mark, speaking from the show floor, said his firm sponsored a breakfast earlier where Spectrian Chief Executive Garrett A. Garrettson spoke positively about the company's prospects. "Business is extremely robust, and (Spectrian) basically can't make enough amplifiers to satisfy demand," Mark said. Bruce Wright, Spectrian's chief financial officer, said he supposes the upward drive could be attributed to the all-around good feeling about wireless communications and talk that the company's fiscal second-quarter earnings will beat expectations. According to a First Call Inc. consensus of seven analysts, Spectrian will earn 53 cents a share in the second quarter ending in September, compared with a year-earlier loss of 4 cents a share. Wright added that from a value standpoint, the stock is a "better buy" when compared with competitiors' shares. Analyst Mark agreed. "It is an evaluation issue with investors, the combination of a strong quarter and the undervaluation of this stock compared with its peer group," he said. The analyst set a six- to 12-month share price target of 81, which he said will put it in line with its peers. "This quarter, which has not yet finished, looks to be stronger than last quarter, which was a blowout quarter," Mark said. In its first quarter ended June 28, Spectrian earned 68 cents a diluted share, including a gain of 15 cents a share related to the sale of a unit. Two other market sources who did not want to be named also said the trade convention could be adding fuel to the stock's movement. JD