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

To: schlep who wrote (15876)	4/16/1999 12:50:00 PM
From: Mad Bomber	Respond to of 21342

[not impressed either, just sold 8600 shares, the last of my WSTL] will be buyer in 4's and 5's however. They still have potential. MB

To: schlep who wrote (15876)	4/16/1999 3:16:00 PM
From: Skiawal	Respond to of 21342

Schlep....Yes they needed $ TODAY and they got it!...6% money due in 5 years sounds just fine to me when you expect ADSL and Conference Plus market to explode...not to mention TAP doing just fine. <If westell in the future is lets say 2x the conversion price, then they will need to write off the gain of ~$5M ($6.37 * 909K).> What future are you speaking of? Next month?...I would hope that in 5 years if the shr. price of WSTL is $6.37 it would only mean that the stock split like 10X...If not, then it really isn't going to matter much. Either way, I guess it doesn't matter. WSTL got $20 mil., should have approx. $6 mil. left over from the reported $15 mil of last qtr and this buys them at least 9 more months...NOT INCLUDING ANYTHING ELSE THAT MAY COME????