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

To: cirrus who wrote (7884)	11/20/1997 5:59:00 PM
From: Trey McAtee	Read Replies (1) \| Respond to of 21342

tom- having the two together woudl have strained the combined entity. in other words, the stock wouldn't have gone up that much, maybe to thirty. i think they saw the future and they got what they wanted. 20/share is a great price, especially when you consider that the offer was probably made when AMTX was below 15 and things in the market did not look that good. good luck to all, trey

To: cirrus who wrote (7884)	11/20/1997 6:04:00 PM
From: Frank Ferrari	Respond to of 21342

Tom, I do not believe that the AMTX board had a choice. I believe that the TI bid was higher in value (based on the price of WSTL) so it beat the WSTL bid, under Delaware law. I think the ball was in WSTL's court because they had an agreement with AMTX they were made privy to all of the details of the TI bid. WSTL decided not to counter bid and that the strategic alliance was their best option. They could not win a bidding war and TI is a great ally. This is what I got from the conference call anyway. Someone can correct me if I misunderstood. Cheers Frank