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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 (1088)	4/30/1998 7:24:00 PM
From: Carmine Cammarosano	Read Replies (1) \| Respond to of 1147

SPECTRAN CORP. (SPTR) 8 11/16 +1 3/4. Investors are beginning to warm to up to this glass optical fibers and fiber-optic products maker as despite reporting earnings that miss the mark, the company sees an improvement around the corner. This maker of flexible glass fibers for use as optical waveguide fibers in cables that transmit data reported a Q1 net of $0.12 a share, a penny below the First Call estimate and 29% below year-ago profit of $0.17 a share as results were hurt by price weakness and oversupply problems in the quarter. However, momentum is starting to build as the company expects revenue growth in 1998 to expand in the double digit range after having stood still between 1996 and 1997. Revenues in Q1 fell 6.2% from a year-ago to $15.227 million, but grew by 6.4% on a sequential basis. This is the first time in five quarters that SpecTran has exhibited any type of growth from one quarter to the next. Accordingly, management feels comfortable in projecting double digit revenue growth in 1998 as the tough competition environment caused by supply and demand imbalances which were made worse by the market retraction in the Asia region are beginning to abate. In addition, the company is starting to see some of the benefits from higher production levels at its expanded communications fiber technologies operations, which is expected to drive down production costs when the plant is in full operation. Hence, after seeing the stock lose more than two-thirds of its value in the past six months, the company is starting to see the light at the end of the tunnel, providing investors with some hope of better times ahead. Of course, it may be a while before the stock sees the $20 price level again, but any movement in that direction will be welcomed by investors as the downside in the stock is very limited at this time.

To: Uncle Frank who wrote (1088)	5/1/1998 11:52:00 PM
From: Carmine Cammarosano	Respond to of 1147

Frank, the way I see it, the payment from Corning ~ $1.01 million per quarter for 4 quarters is under "other" income...it is not part of revenues...It seems that the $0.842 million(the net after taxes) represents the money from Corning, notice this income was not on the balance sheet this quarter one year ago...Now we know why Wall Street is cheering..So if revenues grow at least 10% for 1998 then one can expect at least 68 million in sales...using 7% profit margin, then one gets ~ $5 million net profit...WE ARE UNDERVALUED!...