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[sharechat] Spectrum - on track to its e-commerce conversion

From:	"Osbert Sun" <osbert.sun@xtra.co.nz>
Date:	Thu, 16 Mar 2000 08:52:53 +1300

Interesting to read the article today in the Press that Spectrum is to call shareholders meeting next month for approval of its new e-business direction and the purchase of WEL Technology. Along with the article two weeks ago in the Sunday Star Herold that "John O'Hara is close to a deal with a major US software company", I gather that SPE is on track to its e-commerce conversion. Thus the recent price weakness has posed an excellent buying opportunity for SPE shares IMVHO. Somehow I don't see the share price in SPE will stay at the current low level for long considering the positive outlook for the company's future. I like the indication in yesterday's announcement that "SPE is looking to acquire more B2B businesses". With the track record of John O'Hara and his leadership, I remain confident of SPE's future. And furthermore, there are only less than 90 millions shares on issue to date.

Happy investing/trading!

Osbert Sun

(Disclosure of interests: hold shares)

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