Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: P. Ramamoorthy who wrote (19815)	8/3/2000 10:19:17 AM
From: Sir Auric Goldfinger	Respond to of 21342

JEFFERIES LOWERS WSTL to HOLD from BUY JEFFERIES JEFFERIES JEFFERIES JEFFERIES MORNING MEETING NOTES Thursday, August 3, 2000 INITIATING COVERAGE RATING CHANGES Joseph J. Bellace (212) 284-2021 DSL Industry Update Rating changes on EFNT and WSTL - Buy to Hold. * Starting June 1, 2000, DSL provisioning was transitioned from SBC to Advanced Services Inc. (subsidiary of SBC) because of regulatory issues related to the acquisition of Ameritech. * We est. that inventory in the SBC channel increased significantly from the March quarter to the end of the June quarter. Our analysis indicates that there may be more-than-normal levels of inventory in the channel. * A potential strike at VZ could have an adverse impact on CPE modem shipments in the current quarter. We believe that WSTL is the primary supplier and Efficient is the secondary supplier to this customer. * Based on the issues discussed above, we are reducing our rating on Efficient Networks (EFNT) and Westell (WSTL) from Buy to Hold.