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

To: nord who wrote (2217)	2/11/1999 11:48:00 PM
From: WTSherman	Read Replies (1) \| Respond to of 4400

<Believe me, if I ever believed what you suggest, I would be out the door and not look back. < Nord, I'm afraid I just don't get this remark or most of your post. Obviously, I am a believer in the opportunity that the technology represents. Since I live about 4000 miles from B.C. I don't know the people that run the company. I can only judge them by what I can find out about what they are doing and what people who are closer to their operation(like you) think. To me the opportunity is clearly there, I hope that Spectrum will be able to participate in it. However, your remark quoted above leaves me wondering what you are thinking... What is it you think I believe that's incorrect? That they tried to deliver product on the last day of the month and didn't get it picked up? OBVIOUSLY, that is what happened! What's there to believe or not believe? I can tell you one thing. I run a tech company just about the same size as Spectrum. We are owned by a much larger corporation. If the day ever came that I went into a quarterly board meeting and told them that we missed our quarter(and came in below the year before) and then blamed it on "the truck not showing up" with a shipment that we were trying to get out on the last day, they would laugh me out of the room. The notion of putting out a press release to this effect is just ludicrous!! There's no trick to these accounting rules. The title must pass in order to count the billing. The title passes if the carrier takes possession of the goods. Pretty simple, huh? The only time this doesn't happen is when you are trying to do something the last few hours of the quarter, IN DESPERATION, and something goes wrong...like the carrier doesn't show up or you didn't call them in time. Its probably my cynical nature, but, maybe its my experience of watching and dealing with, many, many tech co's that fumble around with good ideas, but, poor execution that leads me to wonder what's going on. You're right that I am frustrated watching all of this. I get very concerned when I see behavior that would just never cut it in the real business world. That doesn't mean that I've written off the company, but, it makes me wonder. All the cheerleading and news about "ins" means nothing if there isn't real business behind it and the management to make a buck on it.