Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Radam who wrote (15626)	4/8/1999 12:09:00 PM
From: FreedomForAll	Read Replies (2) \| Respond to of 21342

Westell Extends ADSL Agreement with Bell Atlantic For Up to Five Additional Years AURORA, Ill., April 8 /PRNewswire/ -- Westell Technologies, Inc. (Nasdaq: WSTL - news) today announced that it has extended its agreement with Bell Atlantic, for up to five years for Asymmetric Digital Subscriber Line (ADSL) customer premise equipment (CPE) and other related ADSL products. ADSL is the ideal consumer vehicle for high-speed access to the Internet and other online services over the copper loop. ADSL digital modems are connected to the consumers' personal computers and existing copper telephone lines, to allow simultaneous voice and data always-on connectivity (no dial up) to the Internet. Bell Atlantic is currently providing their ADSL consumer service, known as Bell Atlantic® Infospeed(SM) DSL, in the Pittsburgh, Philadelphia and Washington, D.C., metropolitan areas as well as in communities on New Jersey's Hudson River waterfront. In the spring, the company will begin deployment in the New York City and Boston metropolitan areas. ''Westell is very pleased to announce that it has extended its agreement with Bell Atlantic for ADSL CPE and other related ADSL products. We have worked with Bell Atlantic since 1992 on ADSL and are excited to be continuing this important relationship,'' stated Marc Zionts, Westell's CEO. ADSL systems incorporating Westell components are delivering consumers Internet access speeds up to 7.1 Mbps. In addition to providing Internet users with the ability to transmit data at very high speeds, ADSL also relieves the public voice network of data traffic congestion. ADSL directs the data traffic to and from the users' personal computers directly to the ATM/IP (Asynchronous Transfer Mode/Internet Protocol) switches and routers that make up the high-speed backbone telephone network. Westell Technologies, Inc., headquartered in Aurora, Ill., is a holding company for Westell, Inc. and Conference Plus, Inc. Westell, Inc. manufactures and licenses DSL systems and value added CPE, and manufactures telecommunications access products. Conference Plus, Inc. is a multi-point telecommunications service bureau specializing in audio teleconferencing, multi-point video conferencing, broadcast fax, and multimedia teleconference services. Additional information can be obtained by visiting Westell's Web site at westell.com. Infospeed(SM) DSL is a service mark of Bell Atlantic. ''Safe Harbor'' statement under the Private Securities Litigation Reform Act of 1995: Certain statements contained herein including, without limitation, Telco deployment of DSL systems and increases in DSL system sales, are forward looking statements that involve risks and uncertainties. These risks include, but are not limited to, product demand and market acceptance risks (including the future commercial acceptance of the Company's ADSL systems by telephone companies and other customers), the impact of competitive products and technologies (such as cable modems and fiber optic cable), competitive pricing pressures, product development, excess and obsolete inventory due to new product development, commercialization and technological delays or difficulties (including delays or difficulties in developing, producing, testing and selling new products and technologies, such as ADSL systems), the effect of the Company's accounting policies, the effect of economic conditions and trade, legal, social, and economic risks (such as import, licensing and trade restrictions) and other risks more fully described in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 1998 under the section ''Risk Factors.'' The Company undertakes no obligation to release publicly the result of any revisions to these forward looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. SOURCE: Westell Technologies, Inc.