[WSTL]
<<<$14M straight to the bottom line, (guessing) a sweetheart deal w/ TXN, all of AMTX's announced and unannounced telco and OEM contracts for ADSL, 23M shares of dilution undone, and their only known competitor for the GTE contract is still gone. there's some meat there!<<<<
Whoa!!! Slow down!!!
Yes, $14M to the bottom line. Essau's birthright.
As for the OEM, read the fine print.
23M shares of dilution undone, true, but those shares would have secured IP for their future.
Only known competitor to GTE is gone, again, true, but it's the unknown that's a concern. I think Cisco and Alcatel are willing to seed the market at a loss and I'm convinced the only way Amati could have competed would have been to have a huge benefactor. For any company to do that, they'd rather just buy them out. Can Westell do it any easier? If the answer's no then you'll have to hope for a white knight for them as well.
BTW, what makes you say WSTL gets all Amati's contracts? If it's this:
<<<Under the agreement, Westell will assume the right to manufacture and sell Amati Allegro ADSL system products and all non-DSL Amati product lines, along with the right to fulfill existing customer contracts. >>>
--- then you're talking about the ICOT IBM business and I'm not even sure they'd want it.
I could be wrong. I'm going on what I've heard versus what you're saying and what Westell said in their press release. I haven't heard the conference call.
I'm tired.
Pat |
