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

To: John Curtis who wrote (19214)	6/29/2000 12:16:00 PM
From: LiPolymer	Respond to of 21342

Right on, John. These people reap what they sow. 8-) Regards, Gary.

To: John Curtis who wrote (19214)	6/29/2000 12:20:00 PM
From: Anthony Tsai	Read Replies (1) \| Respond to of 21342

Kaufman Bros. RAISES ESTIMATES ahead of Strong June Quarter Results "After speaking with the company and performing various channel checks, we believe Westell is poised to report strong results for the June quarter. Based on the massive demand for DSL services by Westell's customers, we expect the company to report better-than expected results on both the top and bottom line. We are only raising our total revenue projections for the June quarter slightly as we believe weakness in the company's Total Access Products (TAP)will offset the upside in DSL CPE. For the fiscal year ending in March 2001, we have raised our revenue numbers from $387 million to $399 million. Specifically, we have lowered our TAP revenues from $148 million to $136 million and raised our CPE revenues from $163 million to $186 million. We believe these numbers still represent the conservative case of what the company is capable of doing. We reiterate our STRONG BUY rating on shares of Westell with a $65 price target." - Analyst Clifton Gray Enjoy, Anthony

To: John Curtis who wrote (19214)	6/29/2000 12:30:00 PM
From: Michael F. Donadio	Read Replies (1) \| Respond to of 21342

Up! Did you say possibly Up, John. What a novel idea (also a good name for a company). Why should it move up? Just because the demand for DSL is finally skyrocketing, and WSTL's modems are in such demand that they sell everyone they make. They keep the factory on a 7/24 schedule and still have to open a second outsourced operation in Singapore. So what if the next earnings report will make WSTL the first DSL manufacturer to be profitable or that CPI is growing at 50%/yr and may be spun off as an IPO. Of course we won't mention their old fashioned stable hi-cap business which will have better margins now that it merged with Teltrend, or the now favorable cash position. (There are also a lot of P.S.s like their biggest contract has yet to be announced, or the bigger margins as VoDSL rolls out, and favorable report by analysts.) Why, yes, such a profile is deserving of being shorted. Only an ignoramus such as myself would stay long such a company which is "waiting to be rolled liked old ladies on a park bench". I will get what I deserve -- for not knowing "what the eff [I] own" of a company "that is vastly overvalued and could not execute it's way out of a paper bag." (Thank you Auric for your gracious insight). Michael -- poking at the overvalued pig WSTL.