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Technology Stocks : Westell WSTL
WSTL 5.510-3.0%Nov 21 9:30 AM EST
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To: John Curtis who wrote (19214)6/29/2000 12:30:00 PM
From: Michael F. Donadio  Read Replies (1) of 21342
 
Up! Did you say possibly Up, John. What a novel idea (also a good name for a company).

Why should it move up? Just because the demand for DSL is finally skyrocketing, and WSTL's modems are in such demand that they sell everyone they make. They keep the factory on a 7/24 schedule and still have to open a second outsourced operation in Singapore. So what if the next earnings report will make WSTL the first DSL manufacturer to be profitable or that CPI is growing at 50%/yr and may be spun off as an IPO. Of course we won't mention their old fashioned stable hi-cap business which will have better margins now that it merged with Teltrend, or the now favorable cash position. (There are also a lot of P.S.s like their biggest contract has yet to be announced, or the bigger margins as VoDSL rolls out, and favorable report by analysts.)

Why, yes, such a profile is deserving of being shorted. Only an ignoramus such as myself would stay long such a company which is "waiting to be rolled liked old ladies on a park bench".

I will get what I deserve -- for not knowing "what the eff [I] own" of a company "that is vastly overvalued and could not execute it's way out of a paper bag." (Thank you Auric for your gracious insight).

Michael -- poking at the overvalued pig WSTL.
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