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

To: Michael F. Donadio who wrote (19659)	7/25/2000 1:09:57 AM
From: P314159d	Read Replies (2) \| Respond to of 21342

I am not sure if the interview was discussed, but I just wanted to comment on the obvious.MZ has been off by about 61/36 => 60% plus upside. I'll take a 25 to 30 % upside and crank some eps off of 600m and get 0.55 easy with only 3 to 5 % GPM improvement.... INTERVIEW-Westell sees four-fold revenue growth in 2001 By Yukari Iwatani CHICAGO, July 20 (Reuters) - Westell Technologies Inc. said on Thursday it expects its full-year 2001 revenues to increase almost four-fold after the telecommunications equipment firm reported higher-than-expected first quarter results on Wednesday. Marc Zionts, chief executive of Westell, told Reuters in a telephone interview that he now expects the company to report full-year 2001 revenues of about $500 million, up from $122 million in 2000. "My sense is that it's very likely now that Westell is a company that ends up with significant revenues for the year," he said. Zionts had previously said he expects 2001 revenues of about $380 million. Westell reported a more than three-fold increase in fiscal-first quarter revenues to $107.9 million and pro forma net income of $3.7 million, or 6 cents a share, marking the first time that Westell reported a profit since its initial public offering in 1995. Its earnings per share for the quarter beat analysts' consensus estimate by four cents according to First Call/Thomson Financial, which tracks such data. Zionts said its surprising growth was driven by an increase in demand for its high-speed DSL (digital subscriber line) modems, primarily by British Telecommunications Plc , SBC Communications Inc. and Bell Atlantic. Revenues from modems rose to $61.9 million from $1.2 million a year before and $16.2 million from the previous quarter, he said. Zionts said he expects to continue to see healthy growth from modems but said the accelerated growth in coming quarters will be from Westell's transport systems group, which makes DSL network equipment and sells it through a partnership with Fujitsu Telecom Europe Ltd. "You'll see a lot of growth in that unit," he said. The transport systems group expects a deal with British Telecoms to ramp up significantly over the next few quarters, Zionts said. In its fiscal first quarter, the transport systems group reported revenues of $6 million, up from $3 million last year. Although Westell had previously said it expects to spin off its Conference Plus unit, which manages and hosts Internet, audio and video conferences, later this year, Zionts said it was more likely that it would be spun off next year. Shares of Westell rose more than 25 percent at 27 on Nasdaq in afternoon trade. ((--Chicago Equities News at 312 408 8787, chicago.equities.newsroom@reuters.com)) ... CAN yoU say BUY? Someone did today with about 2500 calls around 4.125 for August delivery. could it be the sandpiper? Naw Only us DRILL BITS care to buy. -- Like a ROCK