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Technology Stocks : Orckit (ORCT) -- Ignore unavailable to you. Want to Upgrade?

To: savolainen who wrote (1171)	5/13/1998 10:58:00 PM
From: srvhap	Read Replies (2) \| Respond to of 1998

Hi S, What do you make of this. Looks like another one of those releases from 2yrs ago (not much substance) though for equal time - Orckit has not done a whole lot better. Do you have a feel for the importance of FTEL? Also, any feeling on whether CAP is still being trialed in the UK? The one plus I see is that xDSL continues to grow. Still looking for the 'meat' behind the GTE announcement. Tom biz.yahoo.com Wednesday May 13, 6:19 pm Eastern Time Company Press Release SOURCE: Westell Technologies, Inc. Westell Technologies and Fujitsu Telecommunications Europe Limited Announce Marketing and Development Cooperative Partnering Agreement to Provide Broadband High-Speed xDSL Data Services AURORA, Ill., May 13 /PRNewswire/ -- Westell Technologies, Inc. (Nasdaq: WSTL - news) today announced it has signed a non-exclusive Partnering Agreement with Fujitsu Telecommunications Europe Limited (FTEL) to cooperate and pursue worldwide broadband end-to-end access market opportunities. Westell will also provide Asymmetric Digital Subscriber Line (ADSL) systems for the continuing development of United Kingdom (UK) trials in London. The UK trials, involving a high-speed interactive network, will enable very high-speed access to the Internet and video-rich server-based content. The UK trials are expected to be completed in early 1999, with initial commercial deployment of ADSL to London's business community beginning immediately thereafter. In conjunction with support of the ongoing UK trial, the Westell/FTEL partnership will focus on opportunities in the market. Peter Smith, Director of Broadband Systems, Fujitsu Telecommunications Europe Limited, stated: ''This Agreement secures a relationship that has been developing for some time and truly reflects the importance FTEL places on the need to establish alliances to meet the challenges of today's telecommunications networks.'' J. Nelson, President and Chief Operating Officer, Westell Technologies Inc. stated: ''Westell's partnership with FTEL is a strong indicator of the quality DSL product Westell has to offer. As a truly global systems integrator with strong network management capabilities, FTEL is one of our preferred partners for global broadband business expansion. Their high-level relationships with the major telco's combined with our vast technological xDSL trial and deployment expertise forms a formidable team, one that has already proved profitable to Westell in this fiscal year.'' Westell Technologies is a holding company for Westell Inc., Conference Plus Inc. and Westell WorldWide Services Inc. Westell Inc. is a leading world-wide innovator and manufacturer of ADSL systems and telecommunications access products, with corporate headquarters in Aurora, Illinois. Conference Plus Inc., is a multi-point telecommunications service bureau specializing in audio teleconferencing, multi-point video conferencing, broadcast fax, and multimedia teleconference services. Westell WorldWide Services Inc. provides engineering, installation and network management services to leading network providers as well as turnkey equipment and service solutions to enterprise customers and service providers. Additional information can be obtained by visiting Westell's Web site at westell.com FTEL is a wholly owned subsidiary of Fujitsu Limited and FTEL employs more than 1,100 people at various sites in the UK and Europe. FTEL plays an important role of Fujitsu's telecommunications activities in Europe and its main product portfolio includes manufacture of ISDN, DWS, Kilostream, Optical systems and SDH radio products in addition to design and development of network management platforms and other advanced telecommunications systems and provision of associated support services. Additional information can be obtained by visiting FTEL's Web site at ftel.co.uk ''Safe Harbor'' statement under the Private Securities Litigation Reform Act of 1995: Certain statements contained herein, including, without limitation, statements regarding product availability and the expectation leading to commercial deployment, are forward looking statements. These statements include risks and uncertainties such as those listed under the ''Risk Factors'' section contained in Westell's Form 10-K for the fiscal year that ended March 31, 1997. These risks include but are not limited to, product demand and market acceptance risks, the impact of competitive products and technologies, competitive pricing pressures, product development, commercialization and technological delays or difficulties, evolving industry standards, the effect of economic conditions and trade, legal, social and economic risks. SOURCE: Westell Technologies, Inc.