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

To: Trey McAtee who wrote (12406)	7/30/1998 10:51:00 PM
From: Dave Krishna	Read Replies (1) \| Respond to of 21342

Trey, This whole story is just so frustrating. I don't believe this latest decline is as much related to Westell as it is to the market in general. After the recent sell-off, many big name & blue chip stocks were ready for a bounce and that is where the money is heading. The last place it will go is to small stocks like Westell. The buyers are all chasing Lucent and Dell because there is upward momentum and great liquidity there. So, no buyers for Westell, only sellers who then put that money into a rising blue chip. We go down in the sell-off and even lower in the recovery because there are just no buyers for small stocks in this situation. You are right, and I have also seen this many times before, but it is very hard to stomach. This is actually what I was waiting on to load up, yet now that it is here I don't feel as compelled to do it. Pretty funny, eh? All those buyout rumors are just plain B.S. and wishful thinking. Without any real news from the company or a real takeover situation, this stock will do nothing. The problem is, when it eventually does move up, it will be sudden, so you have to be in it. Amati and Westell both sold way off last year only to come back strong when the small caps rallied. Do you think there will be a rally this year? Small stocks look really sick. Regards, Dave

To: Trey McAtee who wrote (12406)	7/30/1998 11:07:00 PM
From: Skiawal	Read Replies (2) \| Respond to of 21342

News... AURORA, Ill., July 31/PRNewswire/ -- Westell Technologies, Inc. (Nasdaq: WSTL) today announced that they have lost the following contracts: Bell Atlantic, British Telecom, GTE, Bell Canada, and everyone else as well as any future contracts they thought they were going to get. They also lost their partnerships with MOT, TXN, DSC, LU and anyone else they had or thought they would have partnerships with. In addition, they lost all contracts with their TAP lines. Oh, one more thing, the bank forclosed on their new building and the $50 million in the bank was counterfeit $$$ which Gary Seamans had printed himself in the basement of his new home. SOURCE Westell Technologies, Inc. CO: Westell Technologies, Inc. ST: Illinois IN: CPR SU: ERN 16:41 EDT prnewswire.com Now we can justify $7...Thanks for the update WSTL and for letting us know whats happening!

To: Trey McAtee who wrote (12406)	7/30/1998 11:30:00 PM
From: Michael Perez	Read Replies (1) \| Respond to of 21342

Trey, I don't see it closing much lower than 7 in the short term. If anything, tomorrow we could see a small pop (from all the bone heads who'll put in those pre opening market orders) followed by some more selling and then lack luster trading... 5 will come with time if the company doesn't release some good news. Funny, WSTL reminds me of APM. Look at some of the historical posts on that stock... It's holders were in denial the whole way down from a high of 60 to 5.00 per share... I read the preaching of the low PE, the possible take over and of course where would we be without the venerable "In at 45 and I'm LONG" & "it's the shorts, just wait for that short squeeze". Not too many where saying "well shit, maybe it's going down for a reason, sell". A reason that actually materialized months later. I've seen this happen too many times now, not to believe in the market efficiency. So, WSTL is and has been in a down trend for a while now. OH Well, all is not good over there in WSTL land. huh? Anyway the insiders will get excited about any good news and the brokerages handling the deal will let their buds in on it so they can cover their short positions. So,look for a good base or a strong up day on vol of like 1,000,000 to signal a reversal. I'm keeping a close eye on it here at these levels since I'd like to be in there for the reversal. One question for ya Trey. Is Lucent getting ready to develop their own ADSL or lite ADSL modems?