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


To: Chemsync who wrote (15385)3/10/1999 10:57:00 PM
From: Frank Ferrari  Read Replies (1) | Respond to of 21342
 
Hey Steve,

Maybe someone should tell him to type WSTL into quote.com!

Cheers



To: Chemsync who wrote (15385)3/11/1999 1:30:00 AM
From: Trey McAtee  Read Replies (2) | Respond to of 21342
 
steve--

excellent find...we can have a lot of fun with this!

>>Marc Zionts, CEO of Westell Inc., can't stand people who lack organization, focus,
discipline and are easily satisfied: the kind of people who get excited about one day
being able to talk to their computers. Zionts thinks big. He's looking forward to
someday having a PC implant with a heads up display on his cornea, supported by a
virtual keyboard using finger/hand movements and a wireless high-speed Internet
connection.<<

zionts thinks big? ha. what a laugh. about how to destroy shareholder value? hates disorganized and impatient people? maybe thats how he rationalizes doing nada for us.

>>He learned to push at a young age. During high school Zionts raced sailing yachts
and was impressed by the adults in charge. They owned the boats and also
captained them. Sailing was a business, but the captains/ owners still managed to
play hard. “They knew about business, balance and time management,” Zionts said.<<

thats nice. WHO THE HELL CARES?

>>After receiving his MBA from Georgia Tech, Zionts held a variety of marketing and
sales positions with GTE and Fujitsu/GTE Business Systems, but left GTE when he
was 25 to start his own business, a systems integration and imaging organization
based in Chicago. Before becoming Westell's CEO, he held vice president positions
in the company's DSL system sales and marketing division and served as marketing
chair for the ADSL Forum.
Becoming Westell's CEO, and “having the opportunity to grow with a
communications business that is both a manufacturer and service provider,” is his
proudest achievement. Then there's the non-professional success. “I have a fantastic
wife and three great children with a fourth on the way,” he boasted.
Zionts takes the pressure off by running, biking and enjoying annual sailing trips to
the Caribbean. That doesn't mean he's out of communication, however. Zionts
doesn't have office hours. He said, he's “always on!” Still, he hopes to be
remembered as a hard-working person who cared about his family and people and
helped motivate and lead others. Someone who thinks big. After all, he takes his
inspiration from another leader, Jesse Jackson: “If in my mind I can see it and in my
heart I can believe it, then I can achieve it.” <<

so he actually does have a bschool education...ok, i guess he forgot how to use it. since he changed from running his own shop to corporate america, i guess it wasnt too big a success<G>.

i am glad he likes WSTL. i am glad he gets to grow as a person and a manager at shareholders expense.what a jerk. instead of vacations, he might actually want to increase shareholder value.

>>What is your favorite high-tech toy?
I love high-tech toys. It's hard to pick just one, so I'll pick two: my Toshiba Libretto
110CT and my Nokia 6100 with AT&T One Rate service. It's great!<<

one has to wonder...were both (and the T one rate service) paid for by the shareholders. thats nice.

>>On average, how much time do you spend per week on the Internet? What is your
favorite Web site?
10 hours per week. My favorite site is quote.com. I use the e-mail for press
releases, filings, etc., on a few hundred competitors and customers I like to follow.<<

i guess he uses quote.com to check on the value of his portfolio, very little of which i will guess is in WSTL. or maybe he looks at WSTL to see how badly the shareholders are doing today.
>>What are your favorite charities?
The Holocaust Educational Foundation, several cancer organizations and a variety
of others including our local library, schools and groups that work with the
homeless.<<

are donations to these made at shareholders expense? i would hope not. i have no problem giving to charities...as long as there is something to give.

>>In three words or less, describe your management style.
Leadership. Vision. Empowerment.<<

this is the best!!!! leadership...to lead the company into chpt.11, vision...the vision to see what can be screwed up next, empowerment...empowering employees to look for other jobs, and empowering shareholders to lose money.

>>If you could do anything in your life over again, what might that be?
Nothing. I always look forward!<<

how about actually doing a good job at running WSTL? would you change that?

i think big mark has been reading way too many issues of fast company. there is only one problem with this...WSTL is the antithesis of a fast company.

steve, thanks again for interview.

good luck to all,
trey