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


To: Mad Bomber who wrote (14888)1/25/1999 9:49:00 PM
From: Marc T. Archer  Read Replies (1) | Respond to of 21342
 
I guess we should now be expecting a message soon from the DR. admonishing us for "not keeping the faith", and throwing us some small bone. Nothing against the good DR., and if it weren't for what he let's us know we'd know next to nothing but this cycle has repeated itself much more than I care.

I am MUCH MORE worried about Westhell's future now than I ever have been. Before, I used to think that they would "eventually" do okay, it was just a matter of time. Now I'm beginning to wonder if they will have the money to last. Without a cash infusion FAST this company is going down the tubes. At least Amati had it's IP to give it value. Where's WSTL's value? This financing that the DR. imply s that's coming from FUJ reminds me of Amati's CEO telling us all that investors were "lined up down the hall just waiting to give them money" which we all found out later was nothing more than a flat out lie. I told myself that I'd NEVER be so stupid as to put myself in a situation like that again yet here I am. I made the mistake in believing the BS that Amati was putting out then just as I also got taken in by Seamans "3 contracts" BS and MZ's optimistic outlook BS. There also sitting on large inventories of equipment that will be obsolete before the years out. This is a bad thing, not a good thing. At least Trey had the sense to latch onto reality concerning this company LONG before I did.

You can only average down so far before it's apparent that putting more money into this company is like watching water run down a sewer drain.

I apologize for my negativity but after watching AWRE just skyrocket over the past two weeks I just had to vent.

MTA