SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Westell WSTL -- Ignore unavailable to you. Want to Upgrade?


To: Jon Taulbee who wrote (21305)4/23/2003 7:55:37 AM
From: Anthony Tsai  Read Replies (1) | Respond to of 21342
 
If u read the VZ news today, it says:

"Verizon reported a profit of $3.91 billion as changes in accounting rules boosted its bottom line, but saw its revenue slide in the first quarter amid declining demand for access lines."

In the WSJ: "Local service revenue fell 4.2% to $4.9 billion as residential access lines declined by 3% and business access lines by 5%....Underscoring weak sales of services to businesses, Verizon's data revenue declined for the first time."

It didn't say what the break down was for DSL lines, but you get the general ideal. Btw, I haven't owned any WSTL stock for years. Just thought you guys might want to know the news as to why WSTL went down yesterday.

Hope this helps,
Anthony