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

To: Dug who wrote (10464)	4/30/1998 7:05:00 PM
From: Jim Miller	Read Replies (1) \| Respond to of 21342

Yoicks. There it is--and you'r right--a mass of half-understood info in the body of the message, but the last line says it. The only game in town. And I sold Orkit on a margin call. Another double kerosene, bartender. Convergence wins. Frame relay represents a really big investment, and we shoulda knowed it, I guess, -but who knew that Orkit was the only game? Not me. A long time ago, someone (srvhap? Raleigh?) on the fool boards said that the way to play this was to buy the need to build out the backbone and Remote Access, rather than the really risky plays on the little guy high techs, and it (thank God) made sense, so I bought some ASND (admittedly at 40), but some more at 24, so for me this is not a total debacle. We need to remember here that the value of the company is clearly higher than ten bucks, (so I agree, in the long run, that it may be a buy here) --and that means nothing in the short term. It is the perceived value that wins now, and sentiment is absolutely the pits. Interesting that the DMT vs. DSL thing remains so powerful an influence. --H&Q dog and pony show still has little good to say about xDSL, --TXN and others say last of '99, --their filed papers say the right half of their web site main page (everything except ADSL) will not cover the groceries, IMHO. --What have they got that someone would want, and that cannot be had elsewhere for a similarly low price? Some of you guys out there who are better at number crunching, please look at the needed operating revenue till latter '99, and give us (me) your evaluation of their need for financing. Their share price is into the red zone today, so it's a fair question. Jim