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

To: Shaw who wrote (21280)	2/7/2002 2:04:17 AM
From: Rich Wolf	Respond to of 21342

Hanging in there for a turnaround as well. Completely illiquid market for WSTL, and anyone expecting continuous stock action will be disappointed. The buyer(s) who came in before the CC easily moved the stock up to the high 3s, and we still had a high level of short interest. We dropped to 3 on the dumping from a determined seller, and since then on modest volume. This indicates more a lack of buyers and lack of true market making in the stock, IMHO. If we were liquid, the MM would suck up the buys, and other fence sitters would jump in. Instead, we slide much further in each direction. Well, still holding my 'low purchases' of 2.3 ... flipped out the higher ones... so today snagged some at 1.55 ... was it a lucky buy, or will we slide down in the coming weeks if the bear and the short selling spooks everyone from buying for weeks to come? Hard to say. Long term I think my 1.55 buy will be most profitable. I like the new CEO, WSTL's relationships with their customers, and the steady growth in DSL. The guidance on the CC was basically for a flat Q, though CPI growth would still be masked in this case by CNE having a pause after the Christmas season. Home networking CNE is a potential growth area, esp wireless CNE, but for WSTL the story may be more about HDSL equipment (the old TAP arena). If WSTL can take some market share there, we are in much better shape. If not, TAP revs slide and CPI and DSL must work hard to take up the slack. Tough nut. Van Cullens is, from all appearances, working hard to press on all fronts. Money talks in this market, so if WSTL has product to sell that can match competitors', I suspect WSTL can get a bump in revs on all fronts. OT I recently relocated to a residence withing range of the CO for DSL, but my local ISP only offered the EFNT 'speedstream' ethernet bridge, not the WSTL. EFNT, the cash-rich competitor, bought by Siemens... selling a modem made in China... sign of the times. Wonder where the engineers punch the time clock? In this arena, the quality of the engineering will lead the winners out of the gate when the economy turns, not just the low cost providers. IMHO Fingers crossed! Rich PS BTW, meant to say a 'thank you' to the cosigners of the notes this summer, who took on those warrants priced at $1.95. I suspect we have overshot to the downside here the last few days, though may not be done yet.

To: Shaw who wrote (21280)	4/10/2003 9:22:16 PM
From: Shaw	Read Replies (1) \| Respond to of 21342

I have been holding, since my last post of Feb 6, 2002. I just left this investment alone and forgot about it for a while as the stock went from $3.00 to $1.00. I wanted to keep my hand in the information technology arena, but I chose to bet on the more basic end of the broad band spectrum for now, since I figured that ADSL was the most likely to get built out and used in the present. In reading other posts and links as I get back up to speed, I see Verizon is coming through with a new push forward in their ADSL build out. Now I am hoping for a little additional pressure on the shorts as we approach $5.00 and the possibility picking up a little institutional support. The French short on the Yahoo board still hasn't given up yet, he must be getting nervous though. Good work Westell