Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Leo Francis who wrote (540)	10/24/1997 11:49:00 AM
From: Leo Francis	Respond to of 738

RESEARCH ALERT - Spectrian lowered NEW YORK, Oct 24 (Reuters) - UBS Securities said on Friday it cut its rating on shares of Spectrian Corp to hold from buy and reduced its 1999 earnings estimate. Company's second quarter results were ahead of UBS expectations and slightly better than Wall Street estimates. But due to reduced forecasts from Nortel the company is revising its forecast for the remainder of this fiscal year and next to what UBS believed to the ''base case.'' Gross margins in quarter of 28 percent were down 200 basis points to over $1 million in warranty reserves. Analyst Jeffrey Schlesinger said in research note downwards revision to revenue outlook was due to revised forecast from Nortel as well as delays in introducing new products to expand the customer base. Lowered 1999 earnings estimate to $1.85 per share from $2.20 per share.

To: Leo Francis who wrote (540)	10/24/1997 11:54:00 AM
From: Tom Latham	Respond to of 738

Still this is way overdone, Watched the same thing on PAIR on ANDW and plenty more. This is 30- 35 if the market had any feet today.

To: Leo Francis who wrote (540)	10/24/1997 12:04:00 PM
From: Sonny Blue	Read Replies (3) \| Respond to of 738

Leo, $25 may not be there long! I think it will fall harder with the market in free falling mode right now. As I said before, SPCT has no support at this level. Going from 15 in May to 50 in August with no basing at all. I would rather wait till volume getting lighter... Tech stocks are out of favor now, maybe we should start looking into some bio-tech stocks (little competition, high demand from aging baby boomers, no exposure to foreign currency turmoil, etc.) Good luck to all!

To: Leo Francis who wrote (540)	10/24/1997 2:38:00 PM
From: Thomas C. White	Read Replies (1) \| Respond to of 738

Hi Leo. Basically it looks like dumping by earnings momentum investors who maintain a "disciplined" strategy of dumping wholesale anything that is undergoing earnings reductions. These are big kahunas like PBHG Growth, American Century Ultra. If they hold, they hold a lot of shares relative to float. And if they dump, there won't be enough buyers out there. Scary drop, and not much upside right now I think for at least a Q or two. Everybody is revising 1998 earnings downward. These are the same analysts who have been revising upward in a big way over the last year.