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Technology Stocks : Westell WSTL

WSTL 5.480

-2.0%

Nov 11 2:52 PM EST

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To: Sir Auric Goldfinger who wrote (19503)	7/19/2000 10:35:49 PM
From: Rich Wolf	Read Replies (3) of 21342

Auric re: gross margins: You forget the distinction between the high-margin equipment (that made up most of the equipment sales one year ago) and the low margin CPE that are making up the larger part of the sales now. The issue is simply whether gross margins improved on the CPE numbers, and they clearly did, inspite of the larger proportion of CPE relative to the telco equipment. Compare this quarter to last, instead. You'll get a better read. Enjoy!~

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