Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Edwin S. Fujinaka who wrote (2485)	4/29/1999 11:16:00 PM
From: WTSherman	Read Replies (2) \| Respond to of 4400

Edwin, Yes, this is the all time low!! I don't know about you, but, from the time I started buying into this, at $5, until about six months ago I averaged down several times. Big booboo! I don't think I'll take the opportunity to snap up stock at these "bargain" prices. If the price is so good, then management would certainly be taking advantage, but, doesn't seem like they are. Almost six years and most of the last four + have been a slow, but, steady decline. Since the company isn't losing money and it would only take very modest earnings to support the current price I doubt its going to go much lower. Though, the management has certainly never demonstrated any ability to move it up... Question is: is there really anything here that's going to make it go much higher? I really have no idea. All the endless blather about "ins", from a management and friends of SSPI, has kind of obscured the basic question... Which in my mind, is whether there really is any scalability to their business. Is there a way for them to leverage the engineering and design that they do by selling volumes of products or is it just a very low volume business that amounts to little more than a custom engineering shop. From what I know, first hand of one of their "deals", one which Nord constantly references, and from the sound of the announcement yesterday I don't see a lot of volume coming. For me this is one of those investments that I could just kick myself for sticking with. I generally am of the belief that company's don't change their stripes unless there is a clean sweep of management and therefore, the results you've seen in the past are likely to continue in the future. If you look at the charts and go back and read some of the press releases and posts on this thread you see the same story being told over and over and over again. I'm somewhat lucky in that I sold half my position after the ridiculous press release about the truck not showing up last quarter. I only wish the juvenile nature of the management had been more apparent to me earlier. The really telling sign, that I totally disregarded, was when they laid people off in a "re-org". I don't know of many company's that make that kind of move when they are on the brink of having their business explode. My mistake... I still have a small position and will probably keep it to see if there might be a bump down the road, but, I don't have a lot of hope.

To: Edwin S. Fujinaka who wrote (2485)	4/29/1999 11:44:00 PM
From: Brian Cunningham	Respond to of 4400

"We're pleased to see some modest year-over-year revenue growth" said Barry Jinks Upon first reading this comment by Spectrum's CEO, I thought it was typical of the sugar-coated BS issued by this company. After all they have had 3 quarters of declining revenues in the midst of the DSP revolution and Jinks is pleased. But after review of their quarterly reports (however loose the numbers are under Canadian accounting protocol), it does appear that their business is seasonal. This year seems to be the smallest increase percentage-wise over the last four years, although the same can't be said for earnings. Anyway, I don't understand why their business should be seasonal. Does anyone out there understand the nature of this seasonality? On a positive note it seems that the lack of a dramatic sell off in the stock, after yet another crappy quarterly performance, suggests that the stock may be close to reaching its true value.