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

To: Curlton Latts who wrote (8353)	12/17/1997 4:49:00 PM
From: Trey McAtee	Read Replies (2) \| Respond to of 21342

curlton-- sure, he's in the hospital, but he isnt the company. this isnt the problem. the problem is NO earnings and NO contracts, both of which were promised. further, things look really bad when you have such a large short position and the mutual funds dont come in to squeeze the shorts. i mean come on, short squeezes are how vinik did well with magellen. things must be really bad if no one even wants to hurt the short sellers. i know the stock will go up eventually, but this is getting absurd. we havent had an up day in a LONG time. i just dont know if we can hold on until it finally turns around. good luck to all, trey

To: Curlton Latts who wrote (8353)	12/17/1997 4:51:00 PM
From: Curlton Latts	Respond to of 21342

The Rock of Gibraltar balance sheet, market leadership and first in the class relationships remain solid. That is most important in my mind given the tenuous positions of the other players. A shakeout will not impact WSTL while others will get absorbed into oblivion by big conglomerates or will visit a liquidation scenario. When the dust settles and ADSL soars WSTL will be still a player. Good Luck To Each And All Curly ~~~~~~~^^ [6.6] .....> [_]

To: Curlton Latts who wrote (8353)	12/17/1997 5:14:00 PM
From: Norman Klein	Read Replies (2) \| Respond to of 21342

Curly, your critical objectivity has failed you. I have to call you on the carpet on this one, because you aren't being square with yourself and many people follow your views. You and everyone else had advance warning of this situation. A few months ago (more than 90 days), you stated that the 3 announced contracts were bllsht and that Westell had 90 days to produce. Well, those 90 days have elapsed and there is no contracts. So why are you still here?? I (fortunately or unfortunately) had options, so I was forced to end my investment in Westell. When you draw a line in the sand, you have to follow through or you have no one to blame but yourselves for your huge losses. Remember your first goal as an investor is the conservation of your assets. Read any investment book and they will all state that the most important lesson for an investor is to learn to limit losses to 25%. Since ADSL is undeniably volatile, you can move that up to 50%. But WSTL has fallen over 60% (if Aware dropped below $8, I would definitely get out). Your quote from above "I'm looking for a big stock price upsurge to result from Seaman's getting out of the hospital" is simply unrealistic. You really think that anyone on Wall St. could possibly care if he comes back. Westell is faced with severe businees and technical problems, and Seamans or no Seamans is going to change that. Still wish you the best of luck and hope that everything works out for you and that I am completely wrong in everything that I said.

To: Curlton Latts who wrote (8353)	12/17/1997 7:05:00 PM
From: cirrus	Read Replies (1) \| Respond to of 21342

Unfortunately, WSTL stock was falling before Seaman's illness. His recovery will not alter the facts... he informed investors months ago that three major contracts were signed, and disclosure was at the discretion of the customers. These contracts represent potential earnings... the only factor that will help WSTL. We're still waiting. I, along with all shareholders, are still waiting and starting to wonder if the contracts are significant or exist at all. If it turns out they don't, I imagine Gary will have some legal issues to contend with in addition to his "health" issues.