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Technology Stocks : VALENCE TECHNOLOGY (VLNC) -- Ignore unavailable to you. Want to Upgrade?

To: MGV who wrote (10488)	4/16/1999 4:34:00 PM
From: kolo55	Respond to of 27311

Back to the news...Castle Creek funds Westell. biz.yahoo.com SOURCE: Westell Technologies, Inc. Westell Issues $20 Million Subordinated Convertible Debentures Group Includes Credit Suisse First Boston Affiliate, Castle Creek Technology Partners and Susquehanna Financial Group AURORA, Ill., April 16 /PRNewswire/ -- Westell Technologies, Inc. (Nasdaq: WSTL - news) announced today that it has completed a subordinated convertible debenture private placement totaling $20 million. The private placement was led by Castle Creek Technology Partners LLC and included Marshall Capital Management, Inc., an affiliate of Credit Suisse First Boston Corp., and Susequehanna Financial Group. Hambrecht & Quist served as the Company's placement agent on this transaction. ''This investment strengthens our financial position, increases our flexibility and enhances our ability to capitalize on our strategic initiatives,'' stated Stephen Hawrysz, Westell's Chief Financial Officer. ''We are pleased to have the support of such outstanding firms and look forward to a long and mutually rewarding relationship.'' The five-year, 6% subordinated debenture is convertible into Westell's Class A Common stock at a conversion price equal to $6.37 (135% of the 15 day average closing bid price through the second day prior to executing definitive documentation). In certain cases, the conversion price is subject to adjustment at twelve and twenty-four months after closing and in certain circumstances, the debentures may be convertible at market price. In connection with the financing, Westell issued five-year warrants for approximately 909,000 shares of Class A Common Stock at an exercise price equal to 140% of the initial conversion price of the debentures. The securities issued in the private placement have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. Westell Technologies, Inc, headquartered in Aurora, Illinois, is a holding company for Westell, Inc. and Conference Plus, Inc. Westell, Inc. manufactures and licenses DSL systems and valued 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 IP multimedia conferencing services. Additional information can be obtained by visiting Westell's Web site at westell.com.

To: MGV who wrote (10488)	4/16/1999 4:35:00 PM
From: Robert Einstein	Read Replies (2) \| Respond to of 27311

Hello Everyone, Here is copy of a post I posted on the UPCOY thread . Get out of VLNC Junk Yard , forgets Kelletts B S. The man is a fool. He is a gambler. Buy good stocks and make money. Best Wishes Robert { Ex Valence Holder } SI Inbox (0) \| Folders Bookmarks \| People Hot \| New Subjects Options \| Profile My Techstocks - [New] Talk : Misc (Tech) : United Pan-Europe Communications - UPC (UPCOY) \| Previous \| ------ \| Edit your message \| To: +Eugene De Luz (55 ) From: +Robert Einstein Friday, Apr 16 1999 4:17PM ET Reply # of 57 This stock is going to go up over tenfold from here over the next 2 to 5yrs. Morgan Stanly must have meant a short term target . Looks we might be there monday or next week any way. Look at the big move today on big volume. This company has cable, TV and broadband.This is the future. Sell DELL,CPQ and junk of the past, and buy the future. Buy and put away. I find it so entertaining that people on SI flock to garbage threads like VLNC, NVDC, and host of others and there is nobody here. the stock is up 10% just today. Actually that is good in a way. Less garbage to sift through . I bought 500 may 40 calls between 5 3/4 and 10, between monday and wednesday. Will exercise them prior to expiration. God Bless America. Robert ------ Previous \| Previous \| ------ \| Edit your message \| Quotes - News - Discussion - Misc (Tech) View SubjectMarks Bookmark this Subject UNITED PAN-EURO COMMUN ADS (NASDAQ: UPCOY) Time: 4:00PM Last Trade 55 1/8 Change + 5 1/4 (+10.53%) Bid 55 1/8 Ask 55 1/2 Volume 0872,6000 Prev.Close 49 7/8 Open 52 3/4 Day Range 52 1/2 - 57 00 Last Tick 0Down0 Avg.Volume 0620,2000 52-week range: 31 1/8 - 51 7/8 Discussion \| People \| MetaCrawler Subject Titles Only Full-Text This Subject Only Send questions and feedback to webmistress@techstocks.com Terms of Use