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

To: JW@KSC who wrote (9297)	2/5/1998 10:48:00 AM
From: Chemsync	Read Replies (1) \| Respond to of 21342

Sprint + Pair (HDSL) PairGain's PG-Flex Subscriber Carrier System Approved at Sprint Corporation TUSTIN, Calif.--(BUSINESS WIRE)--Feb. 5, 1998-- Company's Subscriber Carrier Platform Continues to Infiltrate Telephone Company Networks Due to Huge Customer Demand PairGain Technologies Inc. (Nasdaq: PAIR) Thursday announced its PG-Flex small subscriber carrier system has been approved for use by the local telecommunications division of Sprint Corporation. PairGain's subscriber carrier systems will be deployed in Sprint's nationwide network. PairGain's subscriber carrier system platform continues to gain acceptance amongst the nation's largest telecommunications service providers. This announcement comes on the heels of a number of recent approvals from other regional Bell operating companies (RBOCs), including U S WEST Communications. PairGain's PG-Flex product line is designed to meet the growing demand for additional subscriber lines by Sprint's residential and business customers who require additional phone lines, separate lines for fax machines and dedicated lines for their computer modems. The company's PG-Flex system is based on High-bit-rate Digital Subscriber Line (HDSL) transmission technology and incorporates all of the essential features and functions required for easy provisioning within the existing telephone company network. The PG-Flex line includes 12, 16, 24 and 32 channel models with a comprehensive range of central office and remote units, shelves and enclosures, allowing for the deployment of up to 32 voice channels over two copper telephone lines for the provisioning of POTS or ISDN service. The PG-Flex system operates in the local loop at carrier serving area (CSA) distances, with the ability to double or triple the span via PairGain's doubler products. Additionally, its remote terminals are line powered from the central office. This feature provides virtually uninterrupted service during local power outages, eliminating the wait for power connections from local electric companies. Maintenance features include compatibility with MLT/PGTC and other test systems, as well as support for alarm and status reporting. PairGain Technologies, the xDSL (high-speed Digital Subscriber Line) market leader, designs, manufactures and markets communications systems that allow network service providers and organizations with private networks to more efficiently and quickly deploy high-speed data, video and voice services to end users over the existing infrastructure of copper telephone lines. PairGain's HiGain, PG-Plus, PG-Flex, Megabit Access and campus area network products are marketed under the trademark, CopperOptics, indicating their ability to provide fiber optic quality transmission over the "last mile" in both public and private networks worldwide. More information about PairGain is available on the company's Web site at pairgain.com. Except for the historical information contained herein, the matters discussed in this announcement are forward-looking statements which involve risk and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting the company's operations, markets, products, services and prices and other factors discussed in the company's filings with the Securities and Exchange Commission. CONTACT: PairGain Technologies Inc., Tustin Kim Gower, 714/730-2330

To: JW@KSC who wrote (9297)	2/5/1998 11:32:00 AM
From: hal jordan	Read Replies (1) \| Respond to of 21342

Jim, I've got an order in myself to sell @ 13. I believe there will be other opportunities to buy in the 11s. >Looking for another Amataaaaaaaa.< Actually, I think you are looking for another good concept stock. Heaven help dumping more money into a stock that did nothing for two years. What a waste of potential. $20...Phooey! Hal

To: JW@KSC who wrote (9297)	2/5/1998 12:14:00 PM
From: Smilodon	Read Replies (1) \| Respond to of 21342

The short case. I have been both long (and lost money) and short (made money). I am currently short. WSTL has invested a lot in ADSL to get in a lot of the pilot trials. But the market is very slow to get going. The longer it takes, the better the chances that larger companies with established relationships with the customers get the sales. I think 3Com, Ascend, PAIR and Alcatel are going to do very well in this market. WSTL has a small core business that is profitible but not growing. Even they now admit ADSL won't happen in 1998. So you are stuck with a company selling at a very high multiple of sales to bet on a new technology they are getting less likely to benefit from. The TI partnership is a paper tiger. That was just a way to try and put a good face on the Amati breakup. Losing Amati was a disaster for WSTL. WSTL has very little of its own technology. Amati was dominant in DMT which seems to be the emerging standard. Now TI owns that technology and they will sell to everybody. The deal with WSTL only offers some advantage on availability and pricing. The exact terms have not been released. Given WSTL's history of when they don't release details, it probably isn't that great of a deal. WSTL has been the leader in CAP systems. CAP technology is owned by Globespan. There is a reasonable possibility that WSTL's pilots switch over to the new DMT standard. WSTL is developing DMT systems now, using TI/Amati technology. On the plus side, I do like WSTL's new CEO. He is much more upfront about the problems and less of a hypester. This is bad for the stock price in the near term, but might enable the company to survive. They do have a lot of cash, but are spending it at a dramatic rate. The CEO talked about reducing expenses which is vital at this point. I think their best hope is to sell the company now. Time is probably not on their side. The stock price looks low, but the valuation is still high. Maybe it has bottomed, but I can easily see this stock going to 5. Sorry for the cold water.

To: JW@KSC who wrote (9297)	2/5/1998 12:34:00 PM
From: Andreas Helke	Read Replies (1) \| Respond to of 21342

Hello Jim, DSL was about the only sector where I made money last year. I had finally figured out that it is a good idea to buy Amati for $11 and not a good idea to pay more than $14 for its stock. When the TI offer came my latest Amati buys became very profitable. From $11 to $20 in less than half a year. With Westell I made quite a bit of trading profits. I considered Amati to be the really important DSL stock and therefore was not shy with realizing Westell profits when I had them. I managed a few times to pick up shares at about $16 and sell them for $20 - 23. My big networkers where between not very good to outright disaster. I should have sold 3Com when it reach my original selling target of $60. I have put more and more money into biotech but most of these investments still have to make serious money. I consider Ligand Pharma (LGND) the most interesting of my biotech investments. It is remarkably similar to Amati. If the current earnings projections pan out Ligand should have a share price of $200 to $300 in 2006 compared to todays price of about $11. It is at the bottom of the current trading range. This is similar to the potential upside that I expected from Amati if all would have gone well. In contrast to Amati Ligand has a very solid balance sheet and is expected to become profitable next year. Andreas