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Technology Stocks : Westell WSTL

WSTL 5.570

+1.1%

3:57 PM EST

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To: P. Ramamoorthy who wrote (19272)	7/7/2000 12:52:01 PM
From: Czechsinthemail	Read Replies (1) of 21342

WSTL up 18% on reiteration --12:37 pm - By Chris Kraeuter Westell Technologies (WSTL: news, msgs) shares are up 18 percent. Jeffries & Co. reiterated a "buy" rating and a $50 12-month price target. Analyst Joseph J. Bellace expects Westell's first profitable quarter in the company's public history to be reported on July 20. Jeffries estimates earnings per share of 2 cents, inline with the consensus estimate on First Call. Bellace boosted 2001 revenue estimates to $400 million to $425 million while maintaining 2001 earnings estimates of 24 cents per share. Westell is a broadband company. Westell shares are up 2 3/4 to 17 3/8 on volume of 1.6 million shares. Average daily volume is 1.5 million shares. www2.marketwatch.com

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