To: LiPolymer who wrote (18342 ) 3/22/2000 10:54:00 AM From: LiPolymer Respond to of 21342
Another upgrade link:biz.yahoo.com Wednesday March 22, 10:29 am Eastern Time Company Press Release SOURCE: Preferred Capital Markets, Inc. Preferred Capital Markets, Inc. Reiterates Strong Buy Rating of Westell Technologies, Inc.; Increases price target to $48 a share. SAN FRANCISCO, March 22 /PRNewswire/ -- The following is being issued by Preferred Capital Markets, Inc., a member of the National Association of Securities Dealers, CRD number 10993: Preferred Capital Markets, Inc, a brokerage firm servicing both institutional and individual investors with a focus on technology, telecommunications and medical technology today reiterates its strong buy rating of Westell Technologies, Inc. (Nasdaq: WSTL - news) and increases the price target to $48 a share. Senior Research Analyst, Joel Achramowicz of Preferred, stated that ``The merger of Teltrend, explosive projections for ADSL revenues, and the continually expanding CPI business all help perpetuate this strong buy reiteration and validate our price target increase to $48 from $25.' Preferred Capital Markets, Inc. provides proprietary research and trade execution services on an agency and principal basis for the securities and options markets. Clients include institutional investors, money managers, floor traders, and high net worth individuals. Founded in 1982, Preferred Capital Markets is headquartered in San Francisco with offices in New York, Boston, Chicago and Philadelphia. The information contained herein is not and does not purport to be a complete analysis of every material fact respecting any company, industry, or security. Preferred Capital Markets, Inc. and its affiliates make no representation as to whether any of the companies mentioned herein are in compliance with the informational reporting requirements of the Securities Exchange Act of 1934. The firm makes a market in the aforementioned security. Any statements nonfactual in nature herein constitute only current opinions or estimates, represent only the current judgment of the author(s), and are subject to change without notice. Preferred Capital Markets, Inc. (or one of its affiliates) or their partners, officers, directors, analysts, employees or customers may have an interest in the securities mentioned herein and may make purchases or sales as principal or agent of these securities, or their derivatives, while this report is in circulation. The information and opinions expressed herein do not constitute an offer or solicitation with respect to the purchase or sale of any security. Prices are as of March 21, 2000 unless noted otherwise. Transactions in securities mentioned herein may be effected only in those states where such securities are qualified for sale. Member NYSE and other principal exchanges, SIPC. SOURCE: Preferred Capital Markets, Inc.