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Technology Stocks : Westell WSTL

WSTL 6.130

+8.7%

Nov 26 3:52 PM EST

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To: Czechsinthemail who wrote (20855)	10/18/2000 8:35:05 PM
From: Czechsinthemail	Read Replies (1) of 21342

Assuming there are no bad surprises, I'm sure Marc Z will take pains to distinguish WSTL's ILEC-based business model from the CLEC-based DSL companies. It will give him a chance to come off smelling like a rose by not pulling any surprise shareholder-guttings like CMTN. Well, I guess we got both the bad surprise and the shareholder-gutting. Not a very shareholder-friendly treatment, I'd say. We'll see what they have to say at the conference call. Meanwhile, we'll see if the stock finds a floor around book value and sales value per share. Both book and sales per share are around $4.68. Even with scumbags at the helm, it's hard to imagine it dropping too much below book value or a P/S of 1.

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