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

To: Skiawal who wrote (18319)	3/17/2000 2:01:00 PM
From: Lucky888	Respond to of 21342

WSTL/TLTN - Now there is only wstl shares trading now: biz.yahoo.com Friday March 17, 10:51 am Eastern Time Company Press Release SOURCE: Westell Technologies Westell Technologies Closes Acquisition of Teltrend, Inc. AURORA, Ill., March 17 /PRNewswire/ -- Westell Technologies, Inc. (Nasdaq: WSTL - news), announced today the closing of its acquisition of Teltrend, Inc. following approval by shareholders of both companies on March 16, 2000. Pursuant to the terms of the merger, each share of Teltrend common stock has been converted into the right to receive 3.3 shares of Westell Class A Common Stock. Teltrend stockholders will receive cash in lieu of fractional shares of Westell Class A Common Stock. Teltrend stockholders will be sent letters of transmittal and related documents to submit their shares for the merger consideration. ``Safe Harbor' statement under the Private Securities Litigation Reform Act of 1995: Certain statements contained herein are forward looking statements that involve risks and uncertainties. These risks include, but are not limited to, product demand and market acceptance risks the impact of competitive products and technologies, competitive pricing pressures, product development, excess and obsolete inventory due to new product development, commercialization and technological delays or difficulties (including delays or difficulties in developing, producing, testing and selling new products and technologies), the effect of Westell's accounting policies, the effect of economic conditions and trade, legal, social, and economic risks (such as import, licensing and trade restrictions) and other risks more fully described in Westell's Annual Report on Form 10-K for the fiscal year ended March 31, 1999 under the section ``Risk Factors.' Westell undertakes no obligation to release publicly the result of any revisions to these forward looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. SOURCE: Westell Technologies -------------------------------------------------------------------------------- L.