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

To: Michael F. Donadio who wrote (14992)	1/30/1999 7:14:00 PM
From: Jack Jackson	Read Replies (1) \| Respond to of 21342

ltlcs.gte.com

To: Michael F. Donadio who wrote (14992)	2/3/1999 12:33:00 AM
From: P314159d	Respond to of 21342

I cannot comment on your enthusiasm, but consider this fact about the numbers you produced >>WSTL >>Book Value $2.01 Last qtr the company had Book of 47.016m, 36.422m shs., and Net of (9.653m). Now its Feb. and best to work out the numbers by the month. I figure a book of $1.22 for this month given the rate of loss. And I won't even add in factors such as stronger 4th qtr sales of base products vs. 1st qtr or that added DSL sales will decrease cash flow because of the increase to receivables and inventory. But remember that the comparison your are making includes the fact the current ROE @ WSTL is in excess of -80%. Aware, as inflated as it is, does not have that negative sign right now, let alone the less than one year time frame. OK, the good Dr. has told everyone of the savior. But in your analysis , do you think this money will just fall on the asset side of the balance sheet? or does the book not improve? So where is WSTL after a few more neg. qtrs. @ that ROE even after the investment?