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Technology Stocks : Westell WSTL

WSTL 5.510

-3.0%

Nov 21 3:48 PM EST

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To: John Curtis who wrote (19214)	6/29/2000 12:20:00 PM
From: Anthony Tsai	Read Replies (1) of 21342

Kaufman Bros. RAISES ESTIMATES ahead of Strong June Quarter Results "After speaking with the company and performing various channel checks, we believe Westell is poised to report strong results for the June quarter. Based on the massive demand for DSL services by Westell's customers, we expect the company to report better-than expected results on both the top and bottom line. We are only raising our total revenue projections for the June quarter slightly as we believe weakness in the company's Total Access Products (TAP)will offset the upside in DSL CPE. For the fiscal year ending in March 2001, we have raised our revenue numbers from $387 million to $399 million. Specifically, we have lowered our TAP revenues from $148 million to $136 million and raised our CPE revenues from $163 million to $186 million. We believe these numbers still represent the conservative case of what the company is capable of doing. We reiterate our STRONG BUY rating on shares of Westell with a $65 price target." - Analyst Clifton Gray Enjoy, Anthony

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