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Technology Stocks : Westell WSTL

WSTL 6.100

-1.0%

Nov 14 3:56 PM EST

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To: SteveG who wrote (8826)	1/7/1998 1:14:00 PM
From: SteveG	Read Replies (2) of 21342

For collective condsideration - ADSL valuations & market expectations: Though not directly comparable to Westell, H&Q's analyst referenced the TI purchase of Amati as a rough AWRE valuation gauge: "..We also believe that AWRE is undervalued from a take-over perspective. Amati (AMTX) was recently purchased by Texas Instruments for approximately $400 million. AWRE, possessing similar technologies, is currently valued at just over $200 million...." Also relevant: ".. As expected, the company is continuing with its plans to invest heavily in R&D, and Sales and Marketing throughout FY97 in order to gain a competitive advantage as ADSL deployment begins in late 1998 or 1999..." "..We expect that Aware will continue to sign new strategic partnership agreements in 1998. Further, we expect the Company to benefit from its partnership with DIGI (DSC Communications) in providing its DWMT (Discrete Wavelet Multitone) modems to the HFC market..." from: Message 3103598 But Analog's CEO Jerald Fishman had the following thoughts on Amati's valuation (courtesy of Norman): "..TI is spending about $395 million to buy San Jose, Calif.- based Amati Communications Corp., which holds key DSL patents. Analog says the price tag may be too high, since Amati had only $13.2 million in sales for its '97 fiscal year ended Aug. 2. "I have a hard time understanding what makes that deal worth almost $400 million," said Fishman..." from: Message 3113624 Regards- Steve

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