Johnathan,,
<<I think the current collapse in WSTL has much more to do with the collapse of most all non-internet tech stocks than anything going on in the company.>>
Lets assume you are correct in this case the drop in price from their respective tops for AWRE, ORCTF, WSTL, PAIR and ADTN should be proportional. AWRE from $16 to $8, ORCTF from $24 to $13, PAIR from $26 to $13, ADTN from $40 to $22. Conclusion WSTL should of been from $26 to $13, but it is not, prooving that your premiss is wrong. This company is in the worst condition among all ADSL players and there must be a reason for it.
It could be that BEL is not exactly committed, it could be that they have strong reputation in CAP and not in DMT, it could be that their cooperation with DSC comm is all but dead (because of ALA), it could be that LU does not take them seriously, it could be that there is no suitors even at current stock price level, it even could be that ADSL as a whole high bandwidth solution is being postponed for another year by RBOCs, because they did not get what they demanded from the FCC, whatever the reason(s) the street treats WSTL much worse then any other small CAP xDSL stock, wouldn't you agree? |
