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

To: P. Ramamoorthy who wrote (19272)	7/7/2000 12:51:58 PM
From: Leroyt	Respond to of 21342

Personally, I think it's AMAZING that the price has gotten this low! It's about time for some real action. later, leroyt

To: P. Ramamoorthy who wrote (19272)	7/7/2000 12:52:01 PM
From: Czechsinthemail	Read Replies (1) \| Respond to of 21342

WSTL up 18% on reiteration --12:37 pm - By Chris Kraeuter Westell Technologies (WSTL: news, msgs) shares are up 18 percent. Jeffries & Co. reiterated a "buy" rating and a $50 12-month price target. Analyst Joseph J. Bellace expects Westell's first profitable quarter in the company's public history to be reported on July 20. Jeffries estimates earnings per share of 2 cents, inline with the consensus estimate on First Call. Bellace boosted 2001 revenue estimates to $400 million to $425 million while maintaining 2001 earnings estimates of 24 cents per share. Westell is a broadband company. Westell shares are up 2 3/4 to 17 3/8 on volume of 1.6 million shares. Average daily volume is 1.5 million shares. www2.marketwatch.com

To: P. Ramamoorthy who wrote (19272)	7/7/2000 1:02:19 PM
From: Czechsinthemail	Read Replies (1) \| Respond to of 21342

The morning after conference call should be interpreted as good news. First, it means there will be no bad news to take the stock down overnight. Second, it will give analysts and investors more time to digest the information before the call. For bad news, you would generally want quick damage control. For good news, the company can piggyback a positive call after announcing positive results. I agree that it is probably intended to catch more listeners.