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Technology Stocks : Westell WSTL -- Ignore unavailable to you. Want to Upgrade?


To: dave turliku who wrote (18279)3/14/2000 7:35:00 AM
From: Anthony Tsai  Read Replies (2) | Respond to of 21342
 
Robinson-Humphrey reiterates BUY rating today & raise target to $45.

They also comment that although they don't expect a share/price negotiation, they note that WSTL shareholders could POSSIBLY seek a lower exchange rate for TLTN shares. Right now it's 3.3 WSTL shares for 1 TLTN share.

Robinson-Humphrey also says because of the little renegotiation risk, they recommend that investors holding TLTN consider taking a position in WSTL in order to take advantage of the stock price spread.

Also revised price target from $25 to $45.

Enjoy,
Anthony