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Technology Stocks : Westell WSTL
WSTL 6.100+0.5%Jan 7 3:06 PM EST

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To: Trey McAtee who wrote (15472)3/19/1999 5:08:00 PM
From: kenneth kountz  Read Replies (1) of 21342
 
Trey:
It's become painfully obvious to me, as I am rather slow in certain matters, that the WSTL management is really reflecting the now obvious: Its essentially a private company, with Penny and Simon controlling about 80% of the voting blocks. As such, they are the defacto owners, and anyone who has purchased the class A stock are just cannon fodder, i.e. suckers. MZ will remain in power, as long as Penny and Simon want him there. If the stock gets low enough, and maybe that's their plan, couldn't they can just buy out the class A shares and take the company completely private? Then they wouldn't have to put up with the dumb public anymore.
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