Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Zephod who wrote (11702)	6/22/1998 10:41:00 AM
From: PeterR1700	Read Replies (1) \| Respond to of 21342

Dave - I don't think anyone "blames" Mr. Seamens for selling. Like you say, taking profit is the game. His management skills, however, are questionable. Peter

To: Zephod who wrote (11702)	6/22/1998 10:53:00 AM
From: Neal Hopper	Read Replies (1) \| Respond to of 21342

Dave,,I wouldn't GS use the option market to move his shares. Sell the 7.5's and kiss them good buy on expiry day???

To: Zephod who wrote (11702)	6/22/1998 11:22:00 AM
From: Eric Goethals	Read Replies (2) \| Respond to of 21342

[One wild guess] What does Seamens have to benefit by selling? My guess is he disagreed with the rest of the board on something and is very angry. If he is not angry, then the only reason to sell is if he sees the company's future prospects as non-existent. This I doubt. How about this scenario? Right now Ericsson is looking to acquire a few networking companies about the size of Westell. People are pointing in Pairgains direction even though their marketcap is 5x larger than what ERICY has indicated. Anyway, Seamens is against being bought out and to spite the rest of the Westell board, he tries to value Westell as low as possible for some fixed time period. Then the buyout occurs.

To: Zephod who wrote (11702)	6/22/1998 2:10:00 PM
From: trouthead	Respond to of 21342

", how many people do you know that pay cash for a house? " How many people do you know who can? There can be a lot of reasons to need money. Diversification for one. With the amount of the sale representing such a small portion of his holdings I wouldn't put much stock (sorry) in it. The price is low because there has been very little movement in ADSL over the last year and half. And now the big boys are stepping in and there isno guarantee WSTL will have a substantial piece of the pie. Need to have substantive contracts and earnings, not just press releases. jb