SSPI - Sector: Technology --- Industry: Electronic Instr. & Controls

[setravis]

I like to go bottom fishing....
Looking at the 2 year chart...Has formed a, Falling Wedge (reversal) Pattern.
News out also today, Spectrum Signal Processing's SDR-3000 Solutions Selected for US Military
Communications Development Programs.
Closed above the 13 and 50-dma, approaching the 200-dma.

Support @ $1.15...1.08...1.02
Resistance @ $1.20...1.26...1.35

Recent CandleStick Analysis
Very Bullish
Dec-08-2005 Bullish Engulfing  

Technicals
MACD - Bearish
Stochastic - Bullish
Percentage Gainer

Last Price Quote is:
14.30%above 13-day EMA
3.69%above 50-day EMA
RS Rating: 24  

Falling Wedge (Reversal)
The falling wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. In contrast to symmetrical triangles, which have no definitive slope and no bias, falling wedges definitely slope down and have a bullish bias. However, this bullish bias cannot be realized until a resistance breakout.

The falling wedge can also fit into the continuation category. As a continuation pattern, the falling wedge will still slope down, but the slope will be against the prevailing uptrend. As a reversal pattern, the falling wedge slopes down and with the prevailing trend. Regardless of the type (reversal or continuation), falling wedges are regarded as bullish patterns.

As with rising wedges, the falling wedge can be one of the most difficult chart patterns to accurately recognize and trade. When lower highs and lower lows form, as in a falling wedge, a security remains in a downtrend. The falling wedge is designed to spot a decrease in downside momentum and alert technicians to a potential trend reversal. Even though selling pressure may be diminishing, demand does not win out until resistance is broken. As with most patterns, it is important to wait for a breakout and combine other aspects of technical analysis to confirm signals.

Volume: 853,520
Avg Volume (3m): 55,746.2

[setravis]

BRIEF: For the nine months ended 30 September 2005, Spectrum Signal Processing Inc.'s reveneus decreased 17% to $11M. Net loss decreased 35% to $1.2M. Revenues reflect decreased demand for Packet-voice products and services. Net loss reflects decreased administrative expenses, the absence of write-down of capital assets, lower restructuring & other charges, the absence of interest expenses and increased other income. http://www.spectrumsignal.com/



Profile:

Spectrum Signal Processing Inc. (TSX:SSY - News; NASDAQ:SSPI - News) is a leading supplier of software defined platforms for defense electronics applications. Spectrum's products and services are optimized for military communications, signals intelligence, surveillance, electronic warfare and satellite communications applications. Spectrum's integrated, application-ready products provide its customers with compelling time-to-market and performance advantages while mitigating program risk and cost parameters. Spectrum Signal Processing (USA) Inc., based in Columbia, MD, provides application engineering services and modified commercial-off-the-shelf platforms to the US Government, its allies and its prime contractors. For more information on Spectrum and its flexComm product line, please visit www.spectrumsignal.com.

[setravis]

Press Release Source: Spectrum Signal Processing Inc.


Spectrum Signal Processing's SDR-3000 Solutions Selected for US Military Communications Development Programs
Thursday December 8, 1:12 pm ET


BURNABY, British Columbia--(BUSINESS WIRE)--Dec. 8, 2005--Spectrum Signal Processing Inc., (TSX:SSY - News; NASDAQ:SSPI - News) today announced that it's flexComm(TM) SDR-3000 product family has been selected for two different military communications programs by a leading US defense contractor.

In the first program, Spectrum's flexComm PRO-3500 basedband processing engine will be used for the development of a Software Communications Architecture (SCA) compliant waveform. This waveform will be used for a next generation military satellite communications (MILSATCOM) system designed to provide simultaneous voice, data and video communications for US and Allied forces anywhere in the world. This SCA compliant waveform will be able to operate on Joint Tactical Radio System devices.

Under the second program, Spectrum has delivered its flexComm SDR-3000 SMRDP, an integrated "RF to Ethernet" subsystem, to be used as part of a broader communications system under a classified program.

"We continue to get designed into advanced communications systems by leading defense contractors. These customers require our industry leading software defined radio solutions including the associated software stacks; notably the SCA and quicComm(TM), our proprietary hardware abstraction layer," said Pascal Spothelfer, Spectrum's President and CEO. "Our modular solutions are suitable for a wide spectrum of communications systems ranging from larger, high bandwidth MILSATCOM systems to small rugged devices, which we are now able to capture with our newly launched SDR-4000 product series."

Spectrum's flexComm PRO-3500 is a CompactPCI®-based Freescale(TM) G4 PowerPC® processing engine designed to work as the base-band processing engine in the company's SDR-3000 series of software defined radio platforms.

The modified SDR-3000 SMRDP provides a turnkey black-side "RF to Ethernet" processing system and includes sample application software supporting frequency agile operation. The systems are comprised of Spectrum's SDR processing and high-speed transceiver boards (PRO-3500 and XMC-3311) in a single-slot 2U CompactPCI chassis. These components are integrated with the Digital Receiver Technology, Inc. DRT2110 RF transceiver subsystem consisting of a tuner, an exciter and a single-board computer, in a 20-slot 3U CompactPCI chassis. The system also includes all software application libraries, including digital down-conversion and digital up-conversion field programmable gate array cores, operating systems and a SCA Core Framework. A comprehensive data flow example is provided as a starting point for customers' design efforts.

For more information on Spectrum's product line visit our website at http://www.spectrumsignal.com/products.

[Stocksquire]

I entered SSPI earlier today, and also like the chart.  I would be happy with making .20 to .30 from my 1.18 entry price, but with the low float and strength of today's news, I would not be surprised to see a little more.

[sebfr]

Great great great setravis...

Here is a good one

[setravis]

Press Release Source: Spectrum Signal Processing Inc. and Vecima Networks Inc.


Vecima Networks to Acquire Spectrum Signal Processing in Cash and Share Transaction
Friday February 16, 4:00 pm ET


VICTORIA, BRITISH COLUMBIA and BURNABY, BRITISH COLUMBIA--(MARKET WIRE)--Feb 16, 2007 -- Vecima Networks Inc. ("Vecima") (Toronto:VCM.TO - News) and Spectrum Signal Processing Inc. ("Spectrum") (Toronto:SSY.TO - News)(NasdaqCM:SSPI - News), today announced the signing of a definitive agreement under which Vecima will acquire all the outstanding common shares of Spectrum in a transaction leveraging synergistic technology, administrative efficiencies, and combined sales channels thereby strengthening the market position of both companies. Vecima expects that the acquisition will be immediately accretive to revenues.
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Under the terms of the agreement, Vecima will purchase all of the outstanding common shares of Spectrum for the equivalent of $0.8939 per share based on a value per Vecima share of $10.06 which was the 30-day volume weighted average trading price of Vecima shares to January 23, 2007, the date that Spectrum and Vecima executed a non-binding letter of intent. This represents a 39% premium over the 30-day average closing price of Spectrum shares to February 15, 2007. Consideration will be comprised of cash of $0.4915 and 0.04 of one Vecima common share for one common share of Spectrum, subject to maximum aggregate cash consideration of $10,075,000 and a maximum of 820,000 Vecima shares. Vecima will also acquire all outstanding stock options and warrants to acquire Spectrum shares in exchange for options and warrants of Vecima. The closing prices of Spectrum and Vecima shares on the TSX on February 15, 2007 were $0.56 and $10.39, respectively.

"Spectrum and its financial advisor, PricewaterhouseCoopers Corporate Finance Inc. ("PWC"), have been actively pursuing financing alternatives to enable Spectrum to fully execute its strategic plan," said Irving Ebert, chairman of Spectrum's board of directors. "The board concluded that this transaction is the best alternative for Spectrum shareholders, customers and employees and recommends that Spectrum shareholders vote to approve the cash and share offer from Vecima Networks Inc."

In deciding to recommend the transaction to Spectrum shareholders, Spectrum's board of directors considered a number of factors and received an opinion from CIBC World Markets Inc., and subject to the assumptions and conditions set forth in such opinion, that the consideration to be received for the common shares of Spectrum is fair, from a financial point of view, to Spectrum shareholders.

Brent Flichel, Spectrum's President and CEO, remarked, "Balance sheet strength is a requirement to win long-term defense contracts where supply commitments can extend well beyond a decade. Spectrum is now at the point where such strength is critical in enabling the conversion of its existing design-in portfolio into long-term supply agreements. As a part of Vecima Networks Inc., Spectrum will have the critical mass to realize its full potential. Additionally, the share portion of the transaction should allow Spectrum shareholders to participate in realizing this potential as well as the upside potential of Vecima's existing business."

Vecima's position as a leading vendor in the emerging WiMAX market, a market poised for rapid growth worldwide, will be further strengthened by the technological resources provided by Spectrum, giving the company an edge over its competitors. Both Spectrum's and Vecima's product portfolios are powered at their core by field programmable gate array chips, digital signal processing chips, and general purpose processors running software tailored to broadband wireless communications. Vecima also intends to target high growth commercial markets such as public safety, homeland security, satellite communications, and broadband wireless with Spectrum's software defined radio solutions, such markets often demanding a software configurable radio solution such that various agencies can communicate in an interoperable manner.

On February 13, 2007, Vecima reported record sales of $23 million in its second quarter, representing an increase of 22% over the same period last fiscal year. Vecima's year-to-date revenues for the six months ended December 31, 2006 increased by $6.6 million or 18% to $43.3 million, as compared to $36.7 million for the six months ended December 31, 2005. During the company's second quarter earnings call, management reiterated that 20-30% revenue growth is expected in the current fiscal year relative to Vecima's $80 million in sales for fiscal 2006.

"Vecima and Spectrum combine to offer a compelling product portfolio for the commercial and defense broadband wireless markets," stated Dr. Surinder Kumar, President and CEO of Vecima. "Together, we expect to bring the power of software-defined radio technologies to the commercial broadband wireless market and introduce Vecima's portfolio of last-mile wireless solutions to Spectrum's current market. Meanwhile, Vecima has a solid strategic plan to bring Spectrum's financial results in alignment with our historical profit model in the near term, taking advantage of a single public company listing and commensurately reduced administrative expenses. I anticipate that Vecima's track record of 18 consecutive years of profitability will prove compelling to Spectrum's shareholders and employees moving forward."

The transaction will be carried out by way of a statutory plan of arrangement and must be approved by the Supreme Court of British Columbia and by 75 percent of the votes cast by holders of Spectrum shares. The transaction is also subject to certain closing conditions, including the approval of the United States Department of State and the Committee on Foreign Investments in the United States (CFIUS) as well as the receipt of all other required regulatory approvals and customary closing conditions. The transaction is expected to close in April 2007.

Further information regarding the proposed transaction will be contained in an information circular which Spectrum will mail to the Spectrum shareholders in connection with the special meeting of shareholders to be held to approve the transaction. It is expected that the materials will be mailed in March 2007 for a meeting anticipated to be held in April 2007.

PWC and CIBC World Markets Inc. act as financial advisors and McCarthy Tetrault LLP acts as legal advisor to Spectrum and the special committee of its board of directors. Bull, Housser and Tupper LLP acts as legal advisor to Vecima.

All financial figures herein are stated in Canadian dollars.

Spectrum Conference Call Information

Spectrum will conduct a conference call and live audio webcast on February 16, 2007 at 4:30 pm Eastern / 1:30 pm Pacific time. The call can be accessed via telephone or audio web cast. The dial-in number for the call is 1.866.497.3339. A replay of the call will be available from February 16, 2007 to February 23, 2007 and can be accessed by dialing 1.866.501.5559 followed by the access code 21217221#. The live audio web cast can be accessed on Spectrum's web site at www.spectrumsignal.com. The replay will be available on Spectrum's web site until February 23, 2007.

About Vecima Networks Inc.

Vecima Networks Inc. (Toronto:VCM.TO - News) designs, manufactures and sells products that enable broadband access to cable, wireless and telephony networks. Vecima's hardware products incorporate original embedded software to meet the complex requirements of next-generation, high-speed digital networks. Service providers use Vecima's solutions to deliver services to a converging worldwide broadband market, including what are commonly known as "triple play" (voice, video and data) and "quadruple play" (voice, video, data and wireless) services. Vecima's solutions allow service providers to rapidly and cost-effectively bridge the final network segment that connects the system directly to end users, commonly referred to as "the last mile", by overcoming the bottleneck resulting from insufficient carrying capacity in legacy, last mile infrastructures. Vecima's products are directed at three principal markets: Data over Cable, Broadband Wireless and Digital Video. The Company has also developed and continues to focus on developing products to address emerging markets such as Voice over Internet Protocol, fiber to the home and IP video. For more information on Vecima, please visit www.vecimanetworks.com.

Vecima Forward-Looking Statements

Certain statements in this news release may constitute forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this news release, such statements are generally identified by the use of such words as "may", "will", "expect", "believe", "plan", "intend" and other similar terminology. These statements reflect Vecima's current expectations regarding future events and operating performance and speak only as of the date of this news release. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors including, but not limited to, the factors discussed under "Risk Factors" in the Company's Annual Information Form dated September 27, 2006 available on SEDAR (www.sedar.com), could cause actual results to differ materially from the results discussed in the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances.

About Spectrum Signal Processing Inc.

Spectrum Signal Processing Inc. (Toronto:SSY.TO - News)(NasdaqCM:SSPI - News) is a leading supplier of software defined platforms for defense electronics applications. Spectrum's products and services are optimized for military communications, public safety, signals intelligence, surveillance, electronic warfare and satellite communications applications. Spectrum's integrated, application-ready products provide its customers with compelling time-to-market and performance advantages while mitigating program risk and cost parameters. Spectrum Signal Processing (USA) Inc., based in Columbia, MD, provides applications engineering services and modified commercial-off-the-shelf platforms to the US Government, its allies and its prime contractors. For more information on Spectrum and its flexComm(TM) product line, please visit www.spectrumsignal.com.

Spectrum Forward-Looking Safe Harbour Statement

This news release contains forward-looking statements related to Spectrum Signal Processing Inc. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties, including the timely development and acceptance of Spectrum's new products, the impact of competitive products and pricing, availability of components, changing market conditions and the other risks detailed from time to time in other company filings. Actual results may differ materially from those projected. These forward-looking statements represent the company's judgment as of the date of this release and Spectrum may or may not update these forward-looking statements in the future. Readers are referred to Spectrum's assumptions and risk factors set out in the most current Form 20-F filed with the Securities and Exchange Commission and the British Columbia Securities Commission.

(TM) flexComm is a trademark of Spectrum Signal Processing Inc.

Contact:
     Contacts:
     Spectrum Signal Processing Inc.
     Brent Flichel
     President and Chief Executive Officer
     (604) 676-6733
     Email: [email protected]
     Website: http://www.spectrumsignal.com
     
     Spectrum Signal Processing Inc.
     Alan Brick
     Investor Relations Officer
     (250) 881-1982
     Email: [email protected]
     Website: http://www.vecimanetworks.com
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Source: Spectrum Signal Processing Inc. and Vecima Networks Inc.