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Technology Stocks : Spectran (SPTR)...Speaking of White Hot Lately -- Ignore unavailable to you. Want to Upgrade?

To: Uncle Frank who wrote (1085)	4/30/1998 12:22:00 PM
From: Carmine Cammarosano	Read Replies (1) \| Respond to of 1147

Have we hit bottom yet?

To: Uncle Frank who wrote (1085)	4/30/1998 12:55:00 PM
From: Uncle Frank	Read Replies (1) \| Respond to of 1147

Positive comments from Spectran management: STURBRIDGE, Mass., April 30 (Reuters) - SpecTran Corp., a maker of glass optical fibers and fiber-optic products, said Thursday that price weakness and oversupply hurt its first quarter but the problems appear short-lived, and the company has set a target of double-digit revenue growth for the year. ''We believe the problems of price weakness and oversupply are likely to be relatively short-lived in light of the strong underlying growth in demand for optical fibers,'' the company said in a news release accompanying first quarter results. ''Our goal is a double-digit increase in revenues for the year,'' SpecTran said. SpecTran reported first quarter net income of $864,000, down from $1.12 million for the 1997 first quarter. Revenues fell to $15.23 million from $16.23 million. SpecTran President and Chief Executive Officer Charles Harrison said first quarter results were hit by tough competition in the standard communication fiber market, caused by a supply/demand imbalance and exacerbated by unsettled economic conditions in Asia. Much of the fiber revenue decline was offset by revenue increases at the company's specialty optics unit, as well as an ''improved product mix'' at the communication fiber technologies unit, Harrison said.

To: Uncle Frank who wrote (1085)	4/30/1998 7:32:00 PM
From: YORE	Read Replies (1) \| Respond to of 1147

Frank:I am not an accountant but you seem to have the ability to interpete numbers from Q statements. My question is where does that other net number ($842,000) come from? Could that be the payment that C orning paid them for the breaking of the sales agreement? I am under the impression that Corning was going to give them $1,000,000 per Q .If this is so they really didn't have any earnings??? since there net income was only$ 864,000 Also if Corning gives them 4.1 million for FY 98 doesn't that explain the double digit revenue gain statememnt? Good luck.