Westell WSTL Message Board

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Technology Stocks : Westell WSTL

WSTL 6.010

0.0%

3:07 PM EST

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To: mugicha who wrote (7377)	10/29/1997 9:44:00 AM
From: Johnathan C. Doe	Read Replies (1) of 21342

Brian, I would advise caution on owning Westell and would wait on Ascend for a lower price than $25. Ascend has got some serious problems near term and is too overvalued to hold up. Westell is likely to take a hard hit if not today soon. The market is going to go into its typical mode of figuring something must be terrible wrong with Westell. The market already isn't to keen short term about the Amati buy. Strategically it was the right move to make for Westell, but the market is more concerned with whether it got a good deal and what short term impact the purchase will have on Westell. My bet is, of course, single digits for Westell before this has played out. I also don't currently own Westell or Ascend. Still on the sidelines, but am watching for an entry point if it comes.

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