Westell WSTL Message Board

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Technology Stocks : Westell WSTL

WSTL 5.700

-6.6%

Nov 17 3:57 PM EST

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To: Michael F. Donadio who wrote (19754)	8/3/2000 2:47:15 PM
From: Sir Auric Goldfinger	Read Replies (1) of 21342

You were saying?: "DJ Westell Tech Down: Insider Trades May Have Cut Stk Price 8/3/0 13:57 (New York) Recent registrations to sell restricted shares may also be driving down Westell's stock price. Westell has A- and B-class common shares - with Class B holders Melvin J. Simon and Robert C. Penny III controlling a 75% voting interest in the company. On June 21, 41.5 million Class A and 19.1 million Class B common shares were outstanding. Chief Executive Marc Zionts registered last week to sell 225,500 restricted Class A shares and President J. William Nelson registered to sell 100,000. Director Howard Kirby registered 100,00 Class A shares on Monday. Simon registered last week to sell 53,600 Class B shares and the Westell Technologies Inc. Voting Trust registered to sell 181,000.

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