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

To: steve s who wrote (18366)	3/24/2000 12:22:00 AM
From: Michael F. Donadio	Read Replies (2) \| Respond to of 21342

It's a good opinion Steve. For Westell it looks like they have to do it the old fashioned way like the ad for Smith-Barney used to say "We Earned it". Maybe there are some who can connect the dots and still make a killing with WSTL's currently undervalued pricing before its too late, but I get the impression that hype, momentum and consistency are chief forces in today's market. IPOs, and yesterdays darlings predominate. Once you let the market down, the way WSTL did from '97 till now, they don't forget even though WSTL in now in a very hot area. It reminds me of Ciena. I bought it when it fell to 8 from 92 after that ridiculous attempted merger with TLABs and the LU/T fiasco in '98. The stock languished for more than a year even though anyone with an ounce of awareness of the forces driving the telecosm would have seen gold lying in the street for the taking. Today it still remains undervalued, IMO, at $154 with the momentum just catching its sails. Ciena had momentum in '97 and then lost it with its plunge in '98. Westell had it too in '96 and lost it also to a market that didn't happen and the success of ALA's CO dominance (now a WSTL strength). Now the street is saying, prove it too me. WSTL's subservient roll in announcing contracts doesn't help much either. I really wish they could do something about that but I know the telcos need to play a game of poker and keep their cards concealed. WSTL's candor with the telcos is both a business strength and a PR nightmare. No news in this market is bad news. Earnings announcement is on May 18 and, if nothing else, that will propel the stock upward, but in my estimate over $100 by then. We have EFNT today at $180. I'm still hoping that some considerable appreciation will occur before than, but if nothing else, earnings and revenue growth still carry the big stick that Wall Street bows to. The more WSTL you have, the happier you'll be. JMO, Michael