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Technology Stocks : Westell WSTL
WSTL 6.350+1.8%Dec 12 3:58 PM EST

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To: Anthony Tsai who wrote (18831)5/19/2000 9:14:00 AM
From: Anthony Tsai  Read Replies (1) of 21342
 
UBS Warburg: Good Quarter With Continued Upside Potential Ahead

"We maintain our $50 price target, which may take a year to achieve unless we continue to see significant upside performance"

"We believe that the largest customer in the quarter was SBC, followed by Bell Atlantic and British Telecom, all above 10% of sales. SBC is not yet announced as a customer, but we believe that this relationship has been inferred by most of the Street by now. Clearly, Westell is #2 behind only Efficient Networks in ADSL modems."

"It is our opinion that Westell could be best served - both from a company and from a Wall Street perspective - by spinning off the ConferencePlus business as soon as at all possible."

Anthony
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