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Technology Stocks : Westell WSTL

WSTL 6.420

+5.6%

3:50 PM EST

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To: Jim Tao who started this subject	2/3/2003 2:52:19 PM
From: Jack Hartmann	Read Replies (1) of 21342

WSTL New High Profile -- Westell Tech (2.71 +0.45) -- Update -- Shares of DSL modem supplier surge to a new 52-week high following news this morning that co's DSL Dual Port modems have been selected by BellSouth. News has lifted the stock 20% on volume of 600K (4x avg). In an upgrade last week by RW Baird, firm boosted its FY03 est from $0.09 to $0.16 (p/e 17) and FY04 from $0.11 to $0.25 (p/e 10.8). Reasons for the upgrade included sustained profitability, increased DSL spending initiatives at the RBOCs, new customer potential, and improved capital structure. Firm's price target went to $4 from $2... WSTL's mkt-cap is $180 mln Train is a rolling. Jack

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