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

To: Skiawal who wrote (13844)	11/4/1998 10:34:00 AM
From: Marc T. Archer	Respond to of 21342

Coverage with price target of 8 Preferred Capital Markets, Inc. Initiates Coverage of Westell Technologies, Inc. With an Accumulate Rating PR Newswire - November 04, 1998 09:09 SAN FRANCISCO, Nov. 4 /PRNewswire/ -- The following is being issued by Preferred Capital Markets, Inc., a member of the National Association of Securities Dealers, CRD number 10993: Preferred Capital Markets, Inc., a brokerage firm servicing both institutional and individual investors with a focus in technology, telecommunications and medical technology today initiates coverage of Westell Technologies, Inc. (Nasdaq: WSTL) with an ACCUMULATE rating and a 12-month price target of $8. Senior Equity Analyst Joel Achramowicz has published a research report on Westell; a company that designs, manufactures, markets and services a range of digital transmission products and systems used by telcos to deliver services primarily over existing copper telephone wires that connect end users to a telco's central office. This research report is included in an extensive, 100-page full-industry document on the Networking sector titled Digital Broadband Transceiver Companies: Spinning Copper and Cable into Gold. Some issues detailed in this overview are the superior aspects of digital information as a currency for communications, the enormous quantity of installed metallic media throughout the world, and the increasing demand for digital interpersonal, Internet, intra- and inter-corporate communications to name a few. Joel has worked in the high technology industry since 1980. His extensive knowledge in high technology, especially data networking comes from operating positions that he's held with companies like Hewlett-Packard in addition to various, smaller high tech businesses. Other companies Joel currently covers include Novell, Inc. (NOVL), Network Equipment Technologies, Inc. (NWK), Level One Communications, Inc. (LEVL), and Cirrus Logic, Inc. (CRUS) among others. Joel became a securities analyst in 1994 and has followed the data communications sector through various positions at Dakin Securities and L.H. Alton. Joel earned his BA in Economics from Claremont McKenna College, a BS in Electrical Engineering from Stanford University, and a MS in Computer Engineering and Architecture from the University of Southern California. Preferred Capital Markets, Inc. provides proprietary research and trade execution services on an agency and principle basis for the securities and options markets. Clients include institutional investors, money managers, floor traders and high net worth individuals. Founded in 1982, Preferred Capital Markets is headquartered in San Francisco with offices in New York, Boston, Chicago, Philadelphia and Miami. SOURCE Preferred Capital Markets, Inc. /CONTACT: Hillari Allen of Preferred Capital Markets, Inc., 415-733-3049/ (WSTL)