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

To: John Curtis who wrote (20557)	9/28/2000 9:26:42 AM
From: Skiawal	Read Replies (2) \| Respond to of 21342

This is not going to help DSL today...Sure glad WSTL decided to go CPE rather than try and compete against the big boys in the DSLAM mkt... Paradyne Warns 3rd-Qtr Results to Be Below Analysts' Estimates By Ambre Brown Morley Largo, Florida, Sept. 28 (Bloomberg) -- Paradyne Networks Inc., a telecommunications-equipment maker, said third-quarter results will be lower than analysts expected because of reduced shipments to some customers. Results are forecast to be breakeven to a loss of 2 cents a share before charges, deferred stock compensation and goodwill amortization. The Largo, Florida-based company was expected to earn 12 cents, the average estimate of six analysts polled by First Call/Thomson Financial. The shares of Paradyne fell 4.25, or 43 percent, to 5.75 in early Nasdaq Stock Market trading. Phone companies, including AT&T Corp., use Paradyne's products to deliver Internet connections on ordinary telephone lines that are more than 50 times faster than those possible with standard dial-up modems. Paradyne said some customers changed their plans on deploying the digital subscriber line, or DSL, services and cut their orders for the equipment. The changes also will impact fourth-quarter and 2001 earnings, Paradyne said. The company said it will have a one-time charge of $30 million to $35 million in the quarter related to writing down inventory