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

To: Frank Ferrari who wrote (14874)	1/25/1999 4:34:00 PM
From: kenneth kountz	Respond to of 21342

Frank: The list of WSTL success stories is without beginning and is endless. Its almost as good as the section on career opportunities, which I don't think has changed in months. The paragraph that starts with the sentence "Due to tremendous growth....", is especially galling. I assume they mean in the conferencing part of the business, because in DSL, the growth in revenues has been negative for about a year. All kidding aside, since I have good money invested in this company, I surely want it to succeed, with the result of the stock increasing in value, and thereby making me rich. But I fear we have latched on to a real problem firm here. It's sales are approaching $100 million, and it cannot make even a small profit. Its competitor, AWRE, has sales of about $6 million, a smaller potential IMO, since it does not make significant products but only markets software, and yet its stock valuation is probably 4x that of WSTL. The difference has got to be management and the way the street perceives its capabilities. This is a sad situation. I hate bashing a company, as it doesn't do anything but allow me to vent frustration, but in this case the management certainly deserves it. The Penney family should clean house, unless they have another agenda, which could mean to drive the market value down to the point where they could take it private, but that may invoke some lawsuits along the way.