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

To: stephen murray who wrote (10201)	4/14/1998 3:59:00 PM
From: Trey McAtee	Read Replies (2) \| Respond to of 21342

stephen-- the call options doubled, but i got greedy and didnt sell. since then, WSTL calls have been very nice. the APR calls i got for .25 were sold for 1.00. not bad for a company thats going down the tubes. you seem to think that just becuase you are now discovering these things, that everyone else will have to discover them as well. 1)ok, WE thought they were sewed up. what is going to affect us going forward. wall st. has already discounted the bad news, which is the reason the stock is so low. lets look at the deals though... a) BC-- still using WSTL for their deployment and is very pleased with us. ALA dropped the ball. b) BT-- we got it. sure only 20k lines right now, but in a year who knows. c) GTE-- CLEC, not the ILEC though we still have a good chance at filling some of it. if i am going to allow that our contracts may go the way of the dodo, you have to allow that contracts that others have may do the same thing. at any rate, the CLEC contract is pretty agressive. this is info that was available in nov/dec, but we didnt want to believe it. too bad for us. whats worse is that the street did, which is why the stock is so low. the point is, the bad news is out. 2)WE thought 97 would be the time, no one else did. even seamens said that 97 was the partnership year, not the deployment year. here again, we didnt listen. 3)same as above. it could. who knows. of course, the JPC companies could also decide against ALA and move forward with WSTL. are you willing to make a bet on that uncertainty? 4)not true-- BT, BC and GTE CLEC are all deploying WSTL equipment. granted the ramp has been slow, but it is deployment. 5)actually, the delays are well known. what is not known is when the FCC is going to make the necessary decisions to move deployment forward. 6) this i doubt. there isnt much room left for us to fall. simply put, the DGs are behind us, as are the contract losses and delays. once again the bad news is out and we are still two points off our lows. 7) newer players, i have heard it before, and the newer technology argument as well. heres the problem...newer technologies have to be licensed. the RBOCs are not going to deploy a solution that only one provider can make. they want to be able to use multiple vendors. so, compatability is going to be a foregone conclusion. yeah, i am optomistic going forward, especially when you consider that what we thought would be our big contract was lost, yet the price of the stock is up today. if the company was dead, we would be the last to know, and what would let us know is the stock price at 8 or lower. in other words, we will see any future bad news in the stock price before we hear about it. the street has discounted us heavily, and they expected us to lose GTE ILEC and they expect us to loose BEL. if they didnt the price of the stock would be higher. so, what other bad news is out there. those were the last two. good luck to all, trey