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Technology Stocks : Westell WSTL
WSTL 6.330+1.0%Jan 28 1:14 PM EST
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To: Frank Ferrari who wrote (14895)1/26/1999 6:04:00 PM
From: Vladimir Zelener  Read Replies (1) of 21342
 
Frank,

I believe you are one day behind the news. It was yestarday Jan. 25th, that Supreme Court declared that FCC has the control over the Local Bells regulations, and not the Local Public Utility Comissions, which are Baby Bells puppets, since they tax the local phone customers anything they want. I think this was the main reason for yestarday's WSTL's and ORCTF's drop, as well as almost all Baby Bells slide.

I am not sure if Baby Bells can proceed right now with their own propriatary ADSL service, because the data is carried between LATAs (long distance call), but FCC supposedly might permit that to them pretty soon. Besides their agreement with AOL and possibly other Portals/ISPs like YHOO should be profitable for them.
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