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Technology Stocks : Westell WSTL

WSTL 6.330

0.0%

Jan 30 3:41 PM EST

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To: hal jordan who wrote (11198)	6/4/1998 3:29:00 AM
From: Eric Goethals	Read Replies (1) of 21342

Hi Hal, Just some thoughts. 1)The only thing that justifies the current movements of these kinds of stocks is if the analysts are taking the kind of stand We still don't see the money. When are we going to see it on your balance sheet? 2)Second. I think many of the brokerage houses that were in these stocks before when the prices were high got their asses burned. I think a few years ago we had multiple houses invested on a single company. The houses later realized WHEN they were going to start seeing the money. The first brokerage house bails and the others follow suit at a loss to their portfolio, leaving a bad taste in the mouths of many. So here we are fighting round 3. People now starting to see contracts. And at the same time, the brokerage houses still have the bad tastes left in their mouths. Look at Orckit. 14.7M shares outstanding and only selling for $20 with a GTE contract in their back pocket. Now WSTL, news of a 41M line deployment. Good for a 1 point pop. Its going to take time people.

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