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Technology Stocks : Westell WSTL

WSTL 5.550

-2.6%

3:55 PM EST

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To: Curlton Latts who wrote (9470)	2/25/1998 5:20:00 PM
From: Zephod	Read Replies (2) of 21342

>>>A good way to cover a big risky short position like the one in WSTL may be to sell puts and try to inch your way out or conversely just go on into the market and take the beating.<<< Curly; This should make that a little more difficult. Copied from Motley Fool Subject: Re: Edgar Filing Date: Sat, Feb 21, 1998 23:05 EST From: JS6609 Message-id: <19980222040500.XAA22427@ladder02.news.aol.com> By my calculations as of Dec 31,1997, Amerindo Investment Advisors Inc., owned 24.13% of the outstanding shares (that's total outstanding shares Class A&B) of Westell. edgar.whowhere.com The filing is kind of confusing but if you look at the table at the bottom you'll see the total shares registered is 8.768 million. Of the 36 million or so outstanding shares around 20 million shares are held in trust (the Class B shares). There are 15.1 million Class A shares that trade. As of Dec 31, 1997 69 institutions owned 49.6% (next months numbers will be higher because of this filing) of the 15.1 million common and insiders hold 2.11 million. Float of the "A" shares is around 13 million. If Amerindo Investment still has their shares market available shares (current float) is only around 4.24 million shares. Short interest as of 1/15 was 2.33 million. JS

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