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

To: P314159d who wrote (20284)	9/7/2000 9:32:18 AM
From: max power	Read Replies (2) \| Respond to of 21342

Westell Grabs Top Market Share in Desktop ADSL Modems AURORA, Ill., Sept. 7 /PRNewswire/ -- Westell Technologies Inc. (Nasdaq: WSTL - news) announced today that its Customer Premise Equipment (CPE) Business Unit is now the worldwide market leader in desktop ADSL modem sales, according to a new report from Dell'Oro Group Inc. (Photo: newscom.com ) According to the Dell'Oro findings, Westell gained the top spot in the desktop ADSL modem market during the second quarter of 2000 by shipping 350,000 of its WireSpeed(TM) ADSL modems in that quarter. During the quarter, Westell's CPE Business Unit established itself as a preeminent supplier of broadband solutions, making a huge jump from fifth to second place in overall DSL modem shipments. ``This strong performance validates Westell's market approach, with innovative products and a focus on desktop modems, residential users, and integrated access devices,'' said Mike Santiago, Vice President and General Manager of Westell's CPE Business Unit. ``Our objective now is to leverage this success to become the number one supplier of desktop, residential and small business DSL products. Westell is on the leading edge of DSL product development, and with our strategic focus in place, we believe we will continue to excel in our market areas.'' Westell CPE Business Unit's strong performance in the first fiscal quarter, ending June 30, is the latest in a series of robust quarterly results. CPE reported quarter-to-quarter sales growth of more than 280 percent, fueled largely by demand for quality DSL products. In the June 30 quarter, Westell Technologies' DSL sales accounted for 63 percent of total revenues. A fast-growing broadband access technology, DSL continues to be rapidly adopted in the residential marketplace. Dataquest is projecting that U.S. DSL modem sales will reach 3.7 million units this year, surpassing cable modem and ISDN sales combined. Westell's WireSpeed DSL modems provide an ``always-on'' high-speed Internet connection, offering speeds up to 125 times faster than 56K modems. WireSpeed modems are ``plug and play,'' easy to install and offer simple, cost-effective DSL access. About Dell'Oro Group Dell'Oro Group Inc. is a market research firm that specializes in providing accurate and timely data on the networking industry. Dell'Oro Group reports focus on detailed quarterly analysis of market size, market share, port/unit shipments and average selling prices as it pertains to markets and vendors. About Westell Westell Inc.'s CPE business unit provides value-added end-points to the broadband network through multiple channels including carriers, Internet Service Providers and e-commerce. Westell Technologies, Inc., headquartered in Aurora, Illinois, is a holding company for Westell, Inc. and Conference Plus, Inc. Westell, Inc. manufactures and licenses DSL systems and value added CPE, and manufactures telecommunications access products. Conference Plus, Inc. is an Applications Service Provider managing and hosting audio, video, IP conferencing and support services. Additional information can be obtained by visiting Westell's Web site at www.westell.com.