Forum Archive Index - January 2000

["Richard Anderson" <richardanderson2000@hotmail.com>]

I quite like Spectrum.  John O'Hara has been appointed as CEO.  He is a 
director of IT Capital and set up and sold Voyager.  The board they 
appointed before Xmas also looks pretty high powered.

It appears Spectrums plan is for business to business e-commerce with its 
first acquisition being WEL Technology of which O'Hara is currently CEO.  
The information available on WEL technology seems to suggest that is it an 
established company that provides software solutions to the electricity 
industry.  WEL technology is expanding offshore where electricity markets 
are deregulating which opens up the growth for the company.

Spectrum announced a rights issue to raise $10m on a 7 for 3 ratio at 5 
cents.  Also get 1 for 6 bonus options that should be worth something.

After accounting for the rights issue, in comparison to IT Capital and 
Strathmore, Spectrum looks cheap.



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