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

To: Michael F. Donadio who wrote (14331)	12/16/1998 9:41:00 AM
From: Marc T. Archer	Read Replies (1) \| Respond to of 21342

Preferred Capital Markets, Inc. Upgrades Its Rating of Westell Technologies, Inc. to a BUY Rating From an ACCUMULATE Rating December 16, 1998 09:35 SAN FRANCISCO, Dec. 16 /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 upgraded its rating of Westell Technologies, Inc. (Nasdaq: WSTL) to a BUY rating from an ACCUMULATE rating as well as raising the 12-month price target. Senior Equity Analyst Joel Achramowicz has published an updated 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. 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., Network Equipment Technologies, Inc., Level One Communications, Inc., and Cirrus Logic, Inc. 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: Pattie DiLauro of Preferred Capital Markets, Inc., 415-733-3050/ (WSTL)