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Technology Stocks : Westell WSTL
WSTL 6.160+12.6%3:57 PM EST
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To: Ellen who wrote (19464)7/18/2000 9:01:28 AM
From: Michael F. Donadio  Read Replies (1) of 21342
 
EFNT results portend great things for WSTL!! We now have some guidance as to what DSL is doing. EFNT handily beat estimates and reported:

"Gross margins in the fourth quarter increased significantly to 27%, compared to 21% for the quarter ended March 31, 2000. The company expects continued improvement in gross margins during the next fiscal year".

Now lets see how EFNT stock performs today. The market reaction is a reasonable barometer to what we might see with WSTL though WSTL is valued at only 25% of what the current value of EFNT is.

My gut reaction is that AG might have to sell some of his gold -- Except for some minor profit taking, we may see a run-up on news instead of a sell-off.

All the best,
Michael
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