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Technology Stocks : Westell WSTL
WSTL 6.440+1.7%3:55 PM EST

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To: Trey McAtee who wrote (9786)3/18/1998 12:51:00 AM
From: PiedPiper  Read Replies (2) of 21342
 
>>actually the numbers i have heard are in a range between 35 and 40, not 25-30

You mean to say that some dumb soul is going to pay 1.5bil for a company with less than 100 mil in sales? Dream on Trey! Not if they haven't got GTE and BEL as you say.

>>most of the street thinks we have already lost BEL and GTE,

Does the street think Gte is lost? I only recited WSTL's comment that they had informed the street of that fact, but I have not seen any press on the subject matter. As for BEL, well new bids are probably a necessary evil on the overall deployment, but WSTL is in good shape here.

>> the whisper layoffs (is piper is correct)

Straight from the horse's mouth, "we had a few in engineering and that is it. There will be NO more layoffs. Should you believe us this time? I understand if you don't, I am not going to stand up here and bullshit you, lie to you, but I will say this -- We must gain your respect, we must earn it."

And he has...

>> a good indication of a buyout.

There have been no solicitations as of 3/13 and there is no desire to be shopped around. " The worst thing you can do as a high-tech company is try and shop yourself around--everyone knows you are in trouble then." But, of course, you must remember the fiduciary duty.

Don't buy this baby for a buyout, buy it for BA and BT and the brickwall.
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