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

To: Sir Auric Goldfinger who wrote (21059)	12/28/2000 4:42:20 PM
From: Anthony Tsai	Respond to of 21342

Westell Technologies Expects Lower Than Anticipated Third Quarter Fiscal Year 2001 Results Company Also Revises Outlook for Q4 Fiscal 2001 and Fiscal Year 2002, Corrects $1.1 Million First Quarter FY2001 Billing Error Enjoy, Anthony

To: Sir Auric Goldfinger who wrote (21059)	12/28/2000 5:20:41 PM
From: RockyBalboa	Respond to of 21342

Ha! Westell says lowers Q3, Q4 guidance; sees Q1 billing error can't they use calculators???? AURORA, Ill., Dec 28 (Reuters) - Telecommunications equipment firm Westell Technologies Inc.(NasdaqNM:WSTL - news) said on Thursday it expects fiscal third-quarter results to fall below the company's expectations and lowered its guidance through fiscal 2002. The company said it expects total revenues in its 2001 third quarter ending Dec. 31, 2000 to be $76 million to $78 million and expects revenues in its fourth quarter to be between $75 million and $80 million. Westell officials were not immediately available to comment on the previously expected amount. For fiscal 2002 ending Mar. 31, 2002, the company expects total revenues of $400 million to $450 million. In October, the company had said it expects revenues between $600 million to $645 million and pro forma earnings between 60 cents to 70 cents a share for fiscal 2002. The company said it identified and corrected a billing error related to a purchase order that will reduce first-quarter revenue by $1.1 million to $106.8 million with a corresponding decrease in earnings per share of 2 cents in pro forma net income to $2.6 million or 4 cents a share. On a consolidated basis that equates to a loss of $6.3 million, or a loss of 10 cents a share. Shares of Westell were up $3/32, or about 2 percent, at $40-1/2 in late trading on Nasdaq before being halted. Email this story - Most-emailed articles - Most-viewed articles

To: Sir Auric Goldfinger who wrote (21059)	12/28/2000 7:03:39 PM
From: StockDung	Read Replies (2) \| Respond to of 21342

Westell Expects Lower 3rd-Qtr Revenue, Cuts 4th-Qtr Forecast Aurora, Illinois, Dec. 28 (Bloomberg) -- Westell Technologies Inc., a maker of high-speed digital Internet-access equipment, said fiscal third-quarter results will fall short of earlier estimates, and the company cut its fourth-quarter outlook. The company expects revenue in the period ending Dec. 31 of about $76 million to $78 million, it said in a press release distributed by PR Newswire. Westell blamed the slowing economy and weaker demand for its products. Revenue was expected to be $92.3 million, the average estimate of analysts polled by IBES International Inc. Westell cut its revenue outlook for the fourth quarter ending March 31 to about $75 million to $80 million, less than the $120.7 million forecast by analysts. The Aurora, Illinois-based company expects revenue in fiscal year 2002 ending March 31, 2002, to be $400 million to $450 million. Westell was expected to have $619.2 million in revenue for the year. It didn't give a revenue estimate for the current fiscal year. Officials at the company didn't immediately return a call seeking comment. Westell also said it found a billing error related to a purchase order, which cut the company's first-quarter revenue and earnings per share. Shares of Westell rose 9 cents to $4.50. They have fallen 58 percent this year. Dec/28/2000 17:30 ET For more stories from Bloomberg News, click here. (C) Copyright 2000 Bloomberg L.P.

To: Sir Auric Goldfinger who wrote (21059)	3/1/2001 6:37:23 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 21342

Westell Technologies CEO Zionts to leave firm NEW YORK, March 1 (Reuters) - Westell Technologies Inc. (NasdaqNM:WSTL - news) said on Thursday that Chief Executive Officer Marc Zionts has resigned to join a start-up technology organization. J. Nelson, currently president and chief operating officer of Westell, will also assume the role of interim CEO. Shares of the Aurora, Illinois-based Westell were down 23/64 to close at $4-9/32 on Thursday ahead of the news.