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

To: WTSherman who wrote (2546)	5/23/1999 6:58:00 PM
From: Brian Cunningham	Read Replies (1) \| Respond to of 4400

Thanks for the interesting post on relative performance within the DSP group. I like the recent emphasis on this board, with regard to the business performance of Spectrum, as opposed to hyping it's technology. I find some of the attacks on Edwin, for questioning whether Spectrum is a good investment, to be outrageous. I would like to ask these detractors, if they think their due diligence has been so superior, how do they rationalize the absolutely horrible performance of their investment? Hopefully, the purpose of this board will shift to analyzing Spectrum as an investment. Did I do my DD on Spectrum? Hell no! It is one of my absolute worst investments ever! I absolutely blew it! I can only rationalize it as a lesson in how not to invest. I think it's educational to look at the performance of SSPI versus the top performer in the DSP group that WTSherman posted: DSPG- 78% institutional ownership, annual sequential earnings from 1994 of .21, .75, .44, 1.09, 1.36 SSPI- 1.3% institutional ownership, annual sequential earnings from 1994 of -.10, -.08, .17, .20, -.02 O.K., due diligence guys, please tell me why you invested in SSPI versus DSPG? DSP Group, Inc. develops and markets digital signal processing integrated circuits and software. These products are used primarily in the consumer telephone and computer telephony markets. Digital technology is utilized for digital telephone answering devices and also for computer technology such as voice mail messaging, digital simultaneous voice and data transmission & video conferencing. Its proprietary designs PineDSPCore & OakDSPCore are solutions for current and emerging digital signal processing. TrueSpeech proprietary algorithms are incorporated in TAD speech processors & PC speech co-processors. Microsoft uses TrueSpeech algorithm in its software. DSP technology is licensed to OEMs for disk drives, cordless telephones,audio products, modems, multimedia boards & more.

To: WTSherman who wrote (2546)	5/24/1999 3:22:00 AM
From: Edwin S. Fujinaka	Respond to of 4400

Interesting to review the 100 day comparison like that. I think it would be worse if you go back a year or so. I am trying to keep my remarks somewhat objective and without the hostility that I've seen expressed on other boards (notably Yahoo). I have to admit that I've been pretty lazy about doing my own research on SSPI in the past and I have only just recently began contacting the company directly for some details. Karen is checking on a few things for me and She seems to be attempting to be forthcoming so far. I can't devote too much time to this relatively small investment, but I am taking note of all of the people who seem to think that they have information about the company that I don't. I only wish they would publish it here. I am curious about the Kodak situation. I recently posted that February 12, 1999 PR News Release from Kodak that seemed to clearly state that Kodak was not going to go forward with their photographic minilab project. I am told that the information was posted here shortly after the February 12th release date. I must've missed it at the time, but when someone as knowledgable as Nord reposts the original Kodak announcement of the project again (a few days ago) without mention of the cancellation, I have to wonder if most of the participants on this board were aware of it. I certainly wasn't, and no one enlightened me about the Kodak cancellation while I was asking about Kodak. I did see a comment about Noritsu, but it took me a while to find out how Noritsu was involved. I'm still trying to find out how it impacts SSPI and if the SSPI Detroit Board is still going to be used in the Noritsu Product. It seems to me that at least the delivery schedule has to be pushed back, but I suppose we never really knew what the original delivery schedule was supposed to be. I did think that Kodak was going to begin deliveries this year and I thought that it meant that SSPI would have to deliver production quantities sometime before Kodak was scheduled to deliver. That is unless "just in time" has been taken to new levels. <G>. The last three posts here seem to have a negative slant about SSPI. I'm not really big on just bashing companies that I have invested in. I do prefer to see some realistic assessments presented. It's pretty indisputable that the Companies Stock Price Performance has not been very good over the last couple of year. In the face of a booming general market and a pretty hot DSP Sector, SSPI has been an unabashed flop. I still have some hope for a modest recovery from these levels, but that is not likely if there are still more downside surprises. In the absence of guidance from the Company, lower earnings year to year will be taken as a downside surprise. It is not certain that the stock has bottomed yet and some guidance from the Company should be forthcoming.