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Technology Stocks : Westell WSTL

WSTL 5.410

-2.5%

Nov 19 3:59 PM EST

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To: kenneth kountz who wrote (7599)	11/14/1997 1:17:00 AM
From: pat mudge	Read Replies (3) of 21342

[Infamy] <<< Next week contains the 17th which Pat has been focusing on as the day which will go down, hopefully not, in infamy, to paraphrase FDR.>>> Kenneth -- If I'm to go down in infamy for having said something, please let it not be for drawing attention to Nov. 17. I'm as skeptical as the next when it comes to believing announcements will come out when someone says they will. Dealing with the telcos is difficult and as anyone with even a kilobit of experience knows, they have all the advantage at this stage of the game. "As flies to wanton boys are we to the telcos. . ." I've followed these companies as along as anyone reading these threads and apart from piddly-punk PR like announcing new board members and telling the world you're using Cadence to streamline costs, I don't believe anyone times news to the market. To the contrary. I think Gary Seamans and Jim Steenbergen are as anxious to announce contracts as we are to have them out. Why on earth would Seamans risk lying to his shareholders by saying he had a contract and then not announce it? He simply wouldn't. So you have to ask why he said what he did. And the only answer that makes sense is that he's not calling the shots. Furthermore, I think both CEOs want their stock prices up because at these levels there's a chance someone might come in with a better offer --- hence my comment, Be careful what you wish. I'm still waiting to exhale. Pat

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