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

To: bill c. who wrote (8601)	12/28/1997 10:06:00 AM
From: PAR	Read Replies (1) \| Respond to of 21342

Just how long is this point/counterpoint going to go on?

To: bill c. who wrote (8601)	12/28/1997 6:39:00 PM
From: Trey McAtee	Respond to of 21342

steve- bill has provided both pros and cons always. sorry you dont see it. good luck to all, trey

To: bill c. who wrote (8601)	12/28/1997 9:41:00 PM
From: SteveG	Respond to of 21342

<..I CLEARLY remember your trading and negative/positive tones on the AMTX thread. You used your PEG numbers while shorting the stock, then flipped/flopped on your tone once you covered and purchased. Once someone does this, I place a label on them...> Well bill, I hope you are "clearer" in your due dilligence toward companies than you are in remembering and posting these memories/facts here (though I somehow doubt that you would be). I challenge you to find the series of posts on the AMTX thread that you describe above - where I "flip/flopped" my tone at all, let alone for some 'trading advantage'. What a CROCK. The record is public - go to it and back up your point. You won't be able to because you are wrong. First, I have been interested and optimistic in ADSL, but cautious on AMTX since my early posts there. The several times when I went long AMTX, I STATED I was long (such as in late Apr when it hit the 7s before Interop, then closing the position in early May with a double). I made clear the point that I was only a trader in AMTX, and I had no problem talking about and considering the negatives even in long trades where I rode the stock down and sold at a loss. Further, I clearly stated that there was only ONE time I went short AMTX - when it gaped up to 17 (on 9/15) - and I publically stated I was short and clarified WHY (AMTX gaping up on ADI licensing did not seem justified to me). I covered two days later when it bounced off my prestated target of 14 1/2. This was the ONLY time I shorted AMTX, and I have never been short WSTL. Think whatever you want, but your ignorant bias and generic handwaving doesn't replace reasoned and intelligent discussion of the issues. <..Right or wrong, this is how I feel about your recent posts...> I didn't think it of you before (even when someone emailed me an opinion of you in this manner), but it has become clear from your posts that this is the case. And now you yourself verify it. Once you make up your mind, damn the facts. Hope it works for you. <..You've attempted to provide detailed PEG numbers, that yourself admit, shouldn't be used against Westell...> For the last several years, Wall St. has used PEG as the most common valuation tool. Stocks without current earnings or revenues were valued on a forward looking PEG model. There is nothing wrong with PEG, but applied to story stocks it is more reading tea leaves than true valuation. That PEG is not well applied in any kind of conservative manner to a WSTL doesn't relieve the known risks that WSTL shareholders bare in owning a story stock. The rewards may well BE there, and they COULD be significant. But as I have said MANY times on the AMTX thread, if I owned a stock, or were thinking about owning it, I'd want to know as many of the negatives, in great detail, as I possibly could find. We already KNOW the potential positives. I once thought WSTL to be the better positioned in the ADSL arena. I still think they have good positioning, but I see a continuing telco hesitancy in deployment, coupled with aggressive competition (ALA for starters) coupled with a tech and market slowdown, and a company w/o a CEO, w/o 3 promised contracts (I think Seamens was originally lead to believe that GTE would announce this year, but they are delaying and Seamens got them to throw him a meaningless bone of a MDR apartment complex. I'd be feeling pretty sick too, and my concern is what is the status of the other contracts?) and without a DMT chip. I see reason to be cautious, even at these prices. I have been consistent in stating this both publically and privately. <..I think you have an agenda... period. ..> What then, would my agenda be? To talk down the stock price? Well, I don't believe this could happen. And you stated that you agreed with me on this - though obviously duplicitous now - (talk about agenda!) Would I buy WSTL at 8 or 9? Perhaps, but by no means necessarily. I would have a hard time buying stock in ANY company whose stock price is falling and whose CEO is on non-specific medical leave while failing to deliver promised contracts. Justify, attack critics and defend your ground - none of it will make a bit of difference in the stock's price. If you really believe, HOPE that it goes lower and buy more at these and lower levels. I find it pathetic that you feel it necessary, and somehow helpful for you and "your stock", to attack my motives. I was publically invited to this thread last month by a WSTL poster who felt that my interest and focus on ADSL would be better appreciated here than in the church of AMTX. And while one or two bothered folks wouldn't sway my interest in continuing to participate here (especially the obviously biased and PR attack-defend types), if folks who seem more reasonable in their investment approaches (such as hal, Ahmad and others) find my comments lacking in value, I will gladly restrain any future inclinations to post my thoughts here. Good luck all- Steve