Radisys(RSYS) is a direct competitor of Spectrum through its Sonitech
DSP Division. Their latest earnings statement provides a baramoter for
comparison of Spectrum's 38 Design-In's reported so far this year.
Radisys, a $100M+ in sales company reported 36 in's for the same time
period as Spectrum reported 38. The two companies definitions of an in-win is not identical but similar enough for rough comparison. Radysis has a $200M market cap versus Spectrum's $24M market cap. Sonitech is the division of RSYS that competes with Spectums DSP boards
Sonitech Division of Radisys $5 million in revenue for the last full year 97 that I have seen figures for. ie the dsp part of Radisys business is tiny in comparison to Spectrum
Off the top of my head the traditional DSP board competitors are:
doe 1997
Pentek $15 million
Ixthos Division of DY-4 $12 million
Transtech $10 million (europe)
Sonitech Division of Radisys $5 million
DSP Research $5 million
Innovative Integration $5 million
Sundance $2 - $3 million (europe)
Hunt Engineering $2 - $3 million (europe)
DNA Enterprises (division of Intelect) $1 - $2 million
Total ~$60 million + lots of $1 -$2 million
The size and kind of in/win that Spectrum is working on compared to
Sonitech is like comparing Gordie Howe to a kid playing IA college pucks
Sonitech Division of Radisys accounted for about $5 million of Radisys income last year. The number of ins for Spectrum DSP board business was at last count over 50 for yr. 98. with fortune 100 companies like Kodak,Bell and Howell, Boeing, Siemens, Applied Signal, Hewlett Packard, Motorola, US DOD, US Deot of Navy,
a sampling of the business in take for Spectrum would lead one to conclude that when a major oem wants a dsp solution done in a timely cost effective way they go to the biggest most talented dsp system company Spectrum based on in wins revenue 5 yr cumulative growth. This is the first year Spectrums vertical market strategy The New Spectrum will kick in with major contracts in motor control, radar-sonar, wireless
A few of the recent releases
SPECTRUM SIGNAL PROCESSING SELECTED AS PREFERRED 'C6x VENDOR FOR ONGOING
PROGRAM AT U.S. DEPARTMENT OF DEFENSE
Burnaby, B.C., Canada - January 14, 1999 -- Spectrum Signal Processing
Inc. (NASDAQ NMS: SSPIF / TSE:SSY), the industry leader in high
performance DSP systems, today announced that the U.S. Department of
Defense has chosen Spectrum to supply 'C6x-based DSP products and
digital radio modules for several contracts under one significant,
ongoing program. Prior to being notified of its selection, Spectrum had already shipped US$ 2.6 million of product to its customer, announced as part of several smaller design-wins on August 31, 1998. At the end of December, Spectrum received a new order for US$ 1 million and shipped the majority of this order prior to year end with the balance to be shipped in the first quarter of 1999. Spectrum estimates the total revenue potential for this program over the next two years at US$ 8 million.
KODAK DESIGNS SPECTRUM SIGNAL PROCESSING'S
DSP-BASED DETROIT PRODUCT INTO NEW DIGITAL LAB SYSTEM
Kodak Recognizes Spectrum as an 'ISO 9001 Certified Supplier'
Burnaby, B.C., Canada - November 30, 1998 - Spectrum Signal Processing
Inc. (NASDAQ NMS: SSPIF / TSE: SSY), the industry leader in
high-performance DSP systems, today announced that Eastman Kodak Company (NYSE: EK), has designed Spectrum's 'C6x-based 'Detroit' product into their revolutionary Digital Lab System, a new high-speed digital photofinishing system for retail photo lab stores. Spectrum's product will be a key DSP component providing real-time image processing for Kodak's Digital Lab System, which was unveiled September 16, 1998 at the PhotoKina Trade Conference in Cologne, Germany. As a result of Kodak's decision to design-in the Detroit, Spectrum was required to qualify as a 'certified supplier'. After a review of the Company's delivery and quality systems Spectrum is now an approved vendor. It is expected that this design-in, coupled with the certified supplier designation, will lead to volume orders of the Detroit product.
SPECTRUM SIGNAL PROCESSING REDUCES OPERATING
EXPENSES AND ALIGNS RESOURCES BEHIND STRATEGIC CORE BUSINESS
Burnaby, B.C., Canada - November 12, 1998 -- Spectrum Signal Processing
Inc. (NASDAQ NMS: SSPIF / TSE: SSY), the industry leader in
high-performance DSP systems, today announced details of the Company's
plan to reduce costs and eliminate redundancies created by recent
acquisition activities. The move further solidifies the Company's focus on its core business in the DSP Systems market place and should have a positive impact on both Spectrum customers and shareholders.
SPECTRUM SIGNAL PROCESSING PROVIDES TIME-SAVING SYSTEM-LEVEL
EVENT TRACE TOOL FOR DEVELOPING PARALLEL DSP APPLICATIONS
New Event Trace Tool Enhances Real-time Debug for SHARC-based
Applications
San Jose, CA, USA - November 3, 1998 -- Spectrum Signal Processing Inc. (NASDAQ NMS: SSPIF / TSE: SSY), the industry leader in high-performance DSP systems, today at the Embedded Systems Show unveiled APEX-Debug 3.0 with a new Event Trace feature. This tool allows engineers developing parallel DSP systems to simultaneously view each processor's activity in the system. Now developers working on SHARC-based applications can view the internal operation and behavior of the DSP, quickly identify disruptions, and correct them at the system-level.
SPECTRUM SIGNAL PROCESSING SHIPS FIRST TMS320C67x-BASED PRODUCT
Burnaby, B.C., Canada, - October 19, 1998 - Spectrum Signal Processing
(NASDAQ NMS: SSPIF / TSE: SSY), the industry leader in high-performance DSP systems, today announced it shipped its first 'C67x-based product, the Detroit67 Development Package. Spectrum is one of the first DSP systems companies to ship product based on Texas Instruments' (NYSE: TXN) new floating-point TMS320C6701 processor. Texas Instruments was instrumental in providing Spectrum with the opportunity to ship product only one week after receiving 'C67x silicon from them. SPECTRUM SIGNAL PROCESSING IS THE FIRST DSP SYSTEMS COMPANY TO SHIP PRODUCTION QUANTITIES OF TMS320C6x-BASED DIGITAL RADIO PRODUCTS
Shipped over 200 Digital Radio Modules for 'C6x-based Products This
Quarter
Burnaby, BC., Canada - September 14, 1998 -- Spectrum Signal Processing,
(NASDAQ NMS: SSPIF/ TSE: SSY), the industry leader in high-performance
DSP systems, today announced volume shipments of its second generation
DSP-based digital radio mezzanine products. The PEM-2PDC, PEM-4PDC and
PMC-MAI digital radio modules will be used in conjunction with
Spectrum's TMS320C6x-based carrier products. Pre-production versions of these products shipped early in the second quarter, allowing Spectrum to finalize the product and begin shipping volume quantities two months ago. Spectrum has now shipped over 200 of these new products during this quarter alone, and expects to ship at least as many products in the fourth quarter of 1998. This new product suite was designed to support Spectrum's 'signals intelligence' vertical market strategy, by servicing customers using 'C6x-based carrier products to develop new applications.
SPECTRUM SIGNAL PROCESSING ANNOUNCES TELECOM PRODUCT BASED ON TEXAS
INSTRUMENTS' NEW TMS320C6202 PROCESSOR
Baja Octal CompactPCI Product Delivers 16,000 MIPS of Signal Processing Power
Burnaby, B.C., Canada - September 8, 1998 -- Spectrum Signal Processing
Inc. (NASDAQ NMS: SSPIF / TSE: SSY), the industry leader in
high-performance DSP systems, today announced its support for Texas
Instruments' (NYSE:TXN) latest TMS320C6x-based processor, the
TMS320C6202. Spectrum's Baja is the first of several new Spectrum
products which will be based on this new DSP. The Baja, a CompactPCI
product optimized for telecommunications applications is powered by
eight 'C6202 processors providing a total of 16,000 MIPS of processing
power in a single slot. Additional features include: a Motorola MPC860
PowerQUICC processor, an ECTF H.110 bus, hot swap capability and driver support for high-availability systems.
SPECTRUM SIGNAL PROCESSING ANNOUNCES DESIGN-WIN WITH BOEING
Initial Revenue From Boeing Win Exceeds US$4 Million
Burnaby, B.C., Canada - September 3, 1998 -- Spectrum Signal Processing Inc. (NASDAQ NMS:SSPIF / TSE:SSY), the industry leader in
high-performance DSP systems, today announced a 'design-win' with the
Boeing Company. Boeing (NYSE:BA) is prototyping an advanced digital
radar receiver system using Spectrum's DSP products, and is planning to turn this prototype into a production system for use on military planes by 2003. Each Spectrum system supplied includes a number of VME-based Melbourne and Montreal products as well as modules and software. Spectrum has already shipped over US$1M worth of product to Boeing for prototype systems to develop software and demonstrate concepts, the remainder of the initial revenue will be realized throughout the development process. This program win was the result of a fourth quarter 1997 'design-in' and has become one of Spectrum's largest opportunities based on Analog Devices' (NYSE:ADI) SHARC processor.
SPECTRUM SIGNAL PROCESSING ANNOUNCES FOUR DESIGN WINS TOTALING OVER
$6.8M IN SALES FOR SIGNALS INTELLIGENCE PRODUCTS
Burnaby, B.C., Canada - August 31, 1998 -- Spectrum Signal Processing
Inc. (NASDAQ NMS:SSPIF / TSE:SSY), the industry leader in
high-performance DSP systems, today announced four individual program
"design-wins" worth over US$6.8 million. Three of the four program wins are sales orders from the US Department of Defense (DoD) on the east coast, and the fourth win is with a DoD prime contractor in western USA. All of these wins specify Spectrum's digital radio products which are based on Texas Instruments' (NYSE:TXN) TMS320C62x and 'C4x DSPs. Production quantity orders for these programs will commence in September and the products will ship with TI's latest TMS (production) version silicon. The combined revenue opportunity from these wins is estimated to total at least US$6.8 million over 24 months, with over two-thirds of the $6.8M contributing to Spectrum's 1998 revenue.
SPECTRUM SIGNAL PROCESSING UNVEILS UNBIASED ON-LINE EVALUATION TOOL TO
COMPARE TMS320C67X-BASED VS. SHARC™-BASED DSP SYSTEMS
Spectrum Designs Tool on Web Site to Help DSP Engineers Evaluate
System-Level Issues
Burnaby, B.C., Canada - August 3, 1998 -- Spectrum Signal Processing
Inc. (NASDAQ NMS: SSPIF / TSE: SSY), the industry leader in
high-performance DSP systems, today officially unveiled an on-line
evaluation tool at www.SpectrumSignal.com. This tool will help design
engineers (who are currently developing DSP systems) evaluate which
floating-point DSP, VelociTI™, or SHARC® architecture would be the best choice for their specific application requirements. This unbiased, third-party-developed, comparative analysis mechanism uses Texas Instruments and Analog Devices' software tools to evaluate both
processors from a system-level perspective. This program assists
engineers in evaluating key system level issues that must be considered when choosing a floating-point DSP.
SIEMENS MEDICAL SYSTEMS RECOGNIZES SPECTRUM SIGNAL PROCESSING WITH
AWARD; PLACES ORDER FOR US$ 2.2M
"Certified Supplier" Designation Provides Company Access to other
Siemens Companies
Burnaby, B.C., Canada - July 28, 1998 - Spectrum Signal Processing Inc. (NASDAQ NMS: SSPIF / TSE: SSY), the industry leader in high-performance DSP systems, today announced that Siemens Medical Systems, Inc. has awarded the Company with the "Certified Supplier" designation. Spectrum is one of only 9 Siemens Medical Systems suppliers, out of 75, with the "Certified Supplier" designation which is based on the Company's solid record of excellent quality, delivery and customer service. The award entitles Spectrum to be listed in Siemens' "Certified Suppliers Guide", providing the Company with access to all Siemens companies in the
medical field and the right to use Siemens Medical Systems' name as a
customer reference in its marketing material.
SPECTRUM SIGNAL PROCESSING SECOND QUARTER RESULTS
SHOW 23% REVENUE GROWTH
Company sets new record with 25 Design-Ins in first half
Burnaby, B.C., Canada - July 27, 1998 - Spectrum Signal Processing Inc. (NASDAQ NMS: SSPIF / TSE: SSY), the industry leader in high-performance Digital Signal Processing (DSP) systems, today reported revenue for the three months ended June 30, 1998 of $ 7,144,000 compared to $ 5,830,000 for the corresponding quarter in 1997, an increase of 23%. Net loss for the quarter which amounted to ($ 199,000) was due to investments in marketing, expansion in Europe, and integration expenses related to the Alex acquisition. Loss from continuing operations for the comparable period in 1997 was $120,000 with a net loss of $339,000. Primary loss per share for the second quarter of 1998 was $(0.02) compared to a net
loss per share of $ (0.04) for the same period a year ago.
SPECTRUM SIGNAL PROCESSING ANNOUNCES DESIGN-WINS FOR TMS320C62X-BASED
PRODUCTS WITH BELL & HOWELL AND APPLIED SIGNAL TECHNOLOGY
Combined Potential Totals Over US$6M
Burnaby, B.C., Canada - July 16, 1998 -- Spectrum Signal Processing Inc.
(NASDAQ NMS:SSPIF / TSE:SSY), the industry leader in high-performance
DSP systems, today announced two ³design-wins² with Original Equipment
Manufacturers (OEMs) for it¹s recently introduced high-performance
products based on Texas Instruments¹ (NYSE:TXN) TMS320C62x Digital
Signal Processor. Both wins are a result of ³design-ins², or development projects, which were initiated with these customers in the first quarter of this year. The combined revenue opportunity fromthese wins is estimated at US$6 million in 1998 and 1999.
SPECTRUM SIGNAL LEADS THE INDUSTRY BY SHIPPING PRODUCTION PRODUCTS BASED
ON TEXAS INSTRUMENTS' HIGHEST PERFORMANCE TMS320C62x DSP
Q2 Ship Date Meets Company Commitments for 'C62x Products
Burnaby, B.C., Canada - June 29, 1998 -- Spectrum Signal Processing Inc. (NASDAQ NMS: SSPIF / TSE: SSY), the industry leader in high-performance DSP systems, today announced it has shipped first production of its "Monaco" and "Detroit" products incorporating Texas Instruments' (NY: TXN) latest Revision 2.1, 200MHz 'C62x to several OEM customers. This milestone is significant for Spectrum and its customers as these products are available ahead of the competition and represent the most technologically advanced and fastest 'C62x Commercial-Off-The-Shelf (COTS) DSP systems shipping in the industry.
SPECTRUM SIGNAL PROCESSING ANNOUNCES SOFTWARE AND HARDWARE SUPPORT FOR
NEW ANALOG DEVICES¹ ADSP-21160 SHARC DSP
Burnaby, B.C., Canada - June 22, 1998 -- Spectrum Signal Processing Inc.
(NASDAQ NMS: SSPIF / TSE: SSY), the industry leader in high-performance DSP systems, announces it will support Analog Devices¹ new 32-bit, floating-point, multiprocessing DSP, the ADSP-21160. With the recent acquisition of Alex Computer Systems, experts in massive parallel processing hardware and software, Spectrum is very committed to developing complete DSP system solutions based on the next generation 21160 chip. The Company is also enhancing its existing specialized software to support this new DSP.
SPECTRUM SIGNAL PROCESSING ANNOUNCES SUITE OF HIGH-PERFORMANCE SYSTEM
SOLUTIONS BASED ON TEXAS INSTRUMENTS' TMS320C6701 DSP
Burnaby, B.C., Canada, - June 10, 1998 - Spectrum Signal Processing
(NASDAQ NMS: SSPIF / TSE: SSY), the industry leader in high-performance DSP systems, today announced four leading-edge DSP systems supporting Texas Instruments' (NYSE: TXN) TMS320C6701 architecture. Spectrum's initial 'C67x product suite will consist of the Monaco67 (Dual/quad-VME), the Daytona67 (Dual-PCI), theBarcelona67
(Dual/quad-CompactPCI®), the Detroit67 (Single-PCI), and a VXI-based
'C67x system will likely follow the initial suite of products.
Spectrum's current VXI product line has been particularly successful in the wireless market, and a 'C67x-based VXI product would allow Spectrum to provide a TI-based technology migration path for current VXI customers. These four initial products are scheduled to be available for sale one month after Texas Instruments releases the 'C67x silicon.
SPECTRUM SIGNAL PROCESSING HOLDS GROUND BREAKING CEREMONY TO COMMENCE
CONSTRUCTION OF NEW DEDICATED SPECTRUM BUILDING
In May '99 Spectrum will move to new address - One Spectrum Court
Burnaby, B.C., Canada -May 29, 1998 - Spectrum Signal Processing (NASDAQ
NMS: SSPIF / TSE: SSY), the industry leader in high-performance Digital Signal Processing (DSP) systems, is holding a ground-breaking ceremony today to announce the commencement of construction on the new Spectrum building; located on Production Way at One Spectrum Court. Spectrum has been growing at a rapid pace over the last few years and has outgrown its current building. In mid-1997 the company began to discuss a proposal with Pilot Pacific, the developer, to add a third building to the property in order to accommodate its increasing space requirements.
SPECTRUM SIGNAL PROCESSING ANNOUNCES RESULTS FOR
FIRST QUARTER 1998
Acquisition of Alex Computer Systems and Strong Design-in Activity
Enhance Sales Growth Prospects
Burnaby, B.C., Canada - May 4, 1998 - Spectrum Signal Processing Inc.
(NASDAQ NMS: SSPIF / TSE: SSY), the industry leader in high-performance Digital Signal Processing (DSP) systems, today announced its unaudited consolidated results for the first quarter ended March 31, 1998. During the quarter, the Company adopted U.S. Generally Accepted Accounting Principles (GAAP) and in accordance with this, financial results are reported in US dollars.
SPECTRUM SIGNAL PROCESSING EXTENDS BREADTH OF FLOATING-POINT PRODUCT
LINE BY INTEGRATING PRODUCTS FROM RECENTLY-ACQUIRED ALEX COMPUTER
SYSTEMS
Spectrum Bolsters SHARC-based Portfolio with the Addition of SHARCPAC
Carrier Boards, Processing Modules, Application-Specific I/O Modules,
Software and Development Tools |
