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

To: EdR who wrote (2195)	2/8/1999 10:05:00 AM
From: R. Murphey	Read Replies (2) \| Respond to of 4400

Ed, Still, it's good to know the business wasn't "lost" to competition or poor product. I would guess they erred on booking the sale upon receiving the order, instead of upon shipment or some other contingency related to the order. Gotta love those margins though! I can tolerate one more quarter's delay to good numbers on this one, but if Barry comes back with the same "lines" (i.e. ""We expect to be judged by our performance, and it simply wasn't good enough.") next quarter, I'll be packing the bags to explore another pasture. Somehow I don't imagine that will be the case, so this may be a short term opportunity to pad the mattress some more. Regards, Bob.

To: EdR who wrote (2195)	2/8/1999 12:15:00 PM
From: WTSherman	Read Replies (1) \| Respond to of 4400

Gee, these quarterly excuses are becoming a bit tiresome... This doesn't sound like any sort of accounting error, at all. The company had, yet another, bad quarter and in desperation tried to bill some business which they couldn't actually ship. Now, in order to distract attention for the poor quarterly results they're trying to focus on this $800K in order they didn't ship. The fact is that even if they had the $800K it still would have only kept the quarterly revenues in line with the previous quarter--virtually no sequential growth. Let's compare this with the statements made 6-9 months ago about 40-50% annual growth and $65-70M revenues in Y2000. I don't know what the deal is with Spectrum, but, its increasingly looking like one of those "just over the horizon" stories that never seems to really pan out. My biggest concern is that the "ramp" in this type of business is never going to really occur as more and more integrated solutions are reduced to chip level.