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Technology Stocks : Westell WSTL

WSTL 5.640

+1.3%

3:53 PM EST

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To: ledgerwatchman who wrote (21084)	3/2/2001 5:43:17 PM
From: bill c.	Read Replies (1) of 21342

[ MZ ] >> -- Westell Technologies, Inc. (Nasdaq: WSTL - news) announced today that Marc Zionts, its Chief Executive Officer, has left Westell to pursue opportunities at a start up technology organization. << Marc didn't receive a retirement party like the previous CEO Gary S? Difficult market to pursue a technology organization, he was shown the front door. Wait two months and the real story will come out. This could well point out that Westell's CPE move has failed. The 3COM results and SBC obtaining forward pricing on EFNT modems is going to hurt. Making money is this low/no margin CPE business will be difficult at best. Is it time to fold the DSL business? Showing Marc the front door may well be the start. It's been 9 years of ADSL for Westell, let's not make it 10.

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