Here are more details on WSTL and their comments on yesterday's activity.
Anthony
01/12 2:53P (DJ) +Westell Tech Up 19%; Company Can't Explain >WSTL
Story 4184 (WSTL, I/CMT, I/TEL, N/DJN, N/DJWI, N/DJS, N/MMM, N/STK, N/TEC...)
(MORE) DOW JONES NEWS 01-12-1999 2:53PM
Story 4577 =Westell Tech Stk -2: CFO: Stk Might Be Catching Up To Peers
NEW YORK (Dow Jones)--Westell Technologies Inc. (WSTL) jumped 21%Tuesday, bucking steep losses on the broader stock averages, a gain Chief Financial Officer Stephen Hawrysz said wasn't attributable to news from the telecommunications equipment company.
Other asymmetric digital subscriber line companies have seen their stock prices advance over the last few weeks, gains Westell hasn't participated in, Hawrysz said.
"Maybe Westell is now going up," said Mark Meudt, the company's vice president, marketing, and finally catching up with its industry brethren.
Shares of the Aurora, Ill., company traded recently at 6 15/16, up 1 3/16, or 20.7%, on Nasdaq volume of 2.2 million, compared with the 373,800-share daily average.
Among the company's peers, Meudt mentioned Aware Inc. (AWRE), whose shares Tuesday were down 1 1/8, or 3.7%, at 29 1/8; Orckit Communications Ltd. (ORCTF), down 3/8, or 2%, at 18 5/8; and PairGain Technologies Inc. (PAIR), down 1/16, or 0.7%, at 8 15/16. Essentially digital modems running high-speed Internet connection, ASDLs
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