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Technology Stocks : Westell WSTL

WSTL 6.100

0.0%

Jan 14 2:05 PM EST

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To: dave turliku who wrote (15506)	3/25/1999 1:30:00 PM
From: kenneth kountz	Read Replies (2) of 21342

Dave: Don't you just love the great PR we are getting from this POS? They sure know how to excite an investor. I think we longs are going to rue the day we ever heard about WSTL. I bought into this company hook line and sinker, after what I thought was a decent period of DD. You know, they were in ADSL, an answer to the world wide wait. Well, I was wrong. For some reason which escapes me, this company is on a road to oblivion, and no one in management seems to give a damn. What I can't understand is why Simon/Penny is just letting it happen? They control 19 million class B shares, and have about 75% of the voting power. Don't they care about their investment? What the f--- are they doing? The company is essentially a private firm, and as such Simon/Penny can do what they damn well please. If they want to kill the firm, they are doing an excellent job of that. What I can't understand is what is the method to their madness? Any comments would be helpful in my education process.

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