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Non-Tech : Amati investors

AMTX 1.530

+0.7%

3:59 PM EST

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To: j rector who wrote (4353)	10/7/1996 3:59:00 PM
From: Tango	of 31386

JR: How's this news ... CHICAGO, Oct 7 (Reuter) - Shares of Westell Technologies Inc fell more than 28 percent after Alcatel Telecom said it won a major order for asymmetric digital subscriber line modems from four regional Bell companies. "Obviously not getting a piece of business that people thought you were going to get is worth a hit to the stock," said Kevin Slocum, an analyst for SoundView Financial Group. "I think the sell-off is way overdone and this is a tremendous buying opportunity," Slocum said, adding he is maintaining his year-end price target of $55 for the stock. Cowen & Co said Monday it downgraded Westell to a buy rating from a strong buy, adding to pressure. Cowen was not immediately available for comment. Westell could not be reached for comment. Shares of Westell traded at 33-3/8, down 13. Alcatel said early Monday it was chosen to supply the ADSL modems to a consortium of four regional Bell companies. The deal was estimated to be worth $300 million. --Chicago newsdesk, 312-408-8787 REUTER ============ Looks like Kevin S. is an ADSL Analyst now ... Tango

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