Trey: I agree that Westell is undervalued, but with the knowledge that BEL has an RFP out for DMT equipment may justify Westell being ~$11/share. Losing the initial JPC contract, BC, USWest, GTE-ILEC, BT pushing out deployment into 1999, two top exec's leaving, MOT 16 month delay, losing money for the next 4 quarters, and now the DSC/ALA news is pretty depressing. Add in GTE-CLEC's smashing 50 modem deployment, I'm surprised Westell isn't valued a $9/share the value of the TAP business. If BEL can switch to DMT, so can BT.
In a few months/weeks Westell will have a DMT solution. I don't know what else to say.... until later. |
