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


To: Zephod who wrote (9520)3/4/1998 12:18:00 AM
From: PiedPiper  Read Replies (1) | Respond to of 21342
 
>>>Tons of insider selling going on, according to janitor there -- who's a millionaire by the way -- and morale is at an all-time low. Now comes word heirs of company founder readying to unload.<<<

Who said this? Not i, i have no knowledge of insider selling except
anecdotal little 100s/ 200s by lowly engrs. ( sometime they get lucky and sell a K)? The bigwigs have to post the intent to sell so that should be easy to find when needed.

>Olcott, the wise sage.

I am ignorant, who's Olcott? Olnott(sp?), I know, but I'd be showing my age and my propensity for trivia, if I mentioned who that is!

>My latest information from broker shows insider holdings up to 2.14 million from 2.11 million at the beginning of the month. While I can't substantiate this with a URL...

If you can't supply an URL ( I call 'em earls are they You-are-ells),
then stop right now! You cannot be telling the truth!!

I don't know what the insiders are doing , but I would hazard a guess that buying is correct at these levels and on down towards 8-9 to support the theory of a buyout around 20 if lucky.

>I have no knowledge of the job situation...

I am glad you can at least say that, becuz unless you live in these parts and talk to them, it is absolutely impossible to ascertain the employees' situation after (what?) 3 years losing money.
I mean I feel for these friends of mine, they have been sold a story a long time. I would be hoppin mad if I had to endure the song and dance so long!

>Lastly I have to assume Amerindo visited...

That's this Olcott fellow you refer to ? The wise old sage? What's he look like and
i will ask my buddies if they saw him talkin to the bigwigs.