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

To: cmg who wrote (377)	12/9/1997 10:18:00 PM
From: pat mudge	Respond to of 4400

cmg -- Recently Barry Jinks answered a shareholder's accusations by writing the following: <<< 1. As of May 7, 1997, "All Directors and executive officers as a group (11 persons) beneficially owned 11.8% of the company". This DOES NOT include unvested stock options, which amount to a significant number of shares. Ron Wages was not in this figure, and I assure you that he, like ALL Spectrum employees, negotiated a stock option package when he joined the company. If you include vested and unvested employee options and the recent shares bought back by the company,the "beneficial" ownership is over 20%. This is in line with common practice in the high technology industry. 2. From the information circular: "Under the company's executive compensation plan, cash bonuses may be earned by officers based upon the achievement of targets relating to key strategic objectives, financial performance of the Company and individual performance". The vast majority of these are based upon meeting earnings targets. Many consider it UNETHICAL to base bonuses on stock price as it promotes manipulation of this price rather than a focus on the fundamentals of the Company.>>> I know the company has also bought back its own shares recently. I hate to quote an amount, but I believe it was in the 250K range. Maybe someone else knows the exact figure. I'm actually quite impressed the insider ownership is as high as it is. It was certainly far less than that in Amati. Hope this helps. Pat

To: cmg who wrote (377)	12/10/1997 8:57:00 AM
From: Sarah Chapin	Read Replies (2) \| Respond to of 4400

Hopefully this re-print of an eariler posting from this thread will help answer your questions. To: Larry Giordano (195 ) From: vincent sciplini Thursday, Sep 25 1997 5:27PM EST Reply # of 378 Insider trading was just posted on Bloomberg. The company's amount, date and price Spectrum Signal AF on 07/07/97-07/08/97 buy 15,800 5.19-5.31 182,900 Spectrum Signal AF on 06/12/97-06/27/97 buy 154,600 5.19-5.69 175,000 Spectrum Signal AF on 05/30/97-05/30/97 buy 4,000 5.81-5.81 20,400 \| Previous \| Next \| Respond \|