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

To: RockyBalboa who wrote (20166)	8/18/2000 10:05:13 PM
From: Michael F. Donadio	Read Replies (1) \| Respond to of 21342

This message from CaptSmartjack of the Yahoo thread warrants repeating: messages.yahoo.com Ameritech Modems by: capt_smartjack (41/M/Naperville, IL) 8/18/00 12:01 pm Msg: 20616 of 20732 Flyersrule_2001 stated: "But if the Ameritech company says deployment is hot in the 5 states it services, and they use WSTL modems, at least this is reason to hold on to the stock. In the past Ameritech was using non-WSTL modems. So this is significant." Yes this IS significant. Keep in mind that Ameritech is now part of SBC. We have known for some time now that Westell is supplying to SBC, and taking that business away from EFNT. It is things like this that keeps the Westell plant, and TWO outside manufacturing plants, pumping out Westell modems by the truck load. This VZ strike IS NOT hurting the quarter for Westell, but it is scaring the un-informed that think it will, and that does not help the stock price. Well, I've closed out all my open option contracts for this month. Since there is nothing to be gained by worrying about these short-term price movements, I'm headed to the golf course........... ********** All the best, Michael

To: RockyBalboa who wrote (20166)	8/18/2000 10:20:11 PM
From: BWAC	Read Replies (1) \| Respond to of 21342

Oh great, yet another financial statement analysis guru. Are you the Friday night reinforcement from the gold digger camp? Are you a professional broker as well? And no I hope not to be here much longer. I have no position whatsoever in WSTL. I stopped in to set the record straight regarding the misapplied financial comments that were being posted by certain people seemingly trying to further some sort of a negative agenda. As far as cash, no cash, needing more cash. WSTL carries very little long term debt. They overall have very little debt on the balance sheet. One could conclude that they do manage their cash well. And one could conclude that they haven't been making many visits to the banker. Also note that they didn't incur substantial debt to ramp up their production and inventory levels. Imagine that? See right now this quarter because of the incredible sequential increase in sales quarter over quarter, all the cash flow is tied up in Accounts Receivable and Inventory. (Think with me now. I know this is difficult material) See results in the Statement of Cash Flows depend greatly upon the increase/decreases between certain accounts. For instance fast forward to next quarter and assume sales only increase modestly. Receivables will only increase modestly. Inventories will only increase modestly. And conversely these items in the cash flow statement will not show such large increase numbers. Watch cash flow magically appear. Almost out of thin air. Why? Because its cash flows. A lagging indicator. Cash from sales last quarter hasn't flowed in. Its receivable. When it is received that will reflect on this current quarter. In sum, the statement of cash flows is basically useless when a company achieves a huge sales ramp. You do understand this right?

To: RockyBalboa who wrote (20166)	8/18/2000 11:44:22 PM
From: P314159d	Respond to of 21342

Mr dotcom. Your moniker bespeaks a wealth of disdain for the cash flow equation. Check your favorite brethren in this area, You'll find they failed, because of lack of said cash and lack of operating earnings. But WSTL differs in that it has cash from operations sans WRITEOFFs and GOODWILL. 2 components which are again subtracted out in the cash flow equation, (i.e,. cash flow neutral). Then you have to deal with the income growth in the A/R and Inv vs. A/P on the growth scale. But that is often first time a bit difficult, so companies get measured in DSOs (you know) and if they scream high it is bad, else, ok. WSTL executed to the letter here. Next Q the same is all I say and lets slow the rate to more normal levels and lets see. I bet it follows my S/S and its graphs, you should get such an analysis yourself. Why? Because you can buy great stocks cheap F----- Cheap, and WSTL is one. Do the same analysis now, so you can compete in the market in the next 5 yrs. Good luck friend of the friend