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Westell Technologies, Inc. Message Board

  • kickthefool kickthefool Jul 27, 2000 5:52 PM Flag

    WSTL

    First, Welcome abroad on this volatile stock.
    Nasdaq is down because OTHER tech companies are issuing
    earning warnings. NOT WSTL. Just think about why you
    brought into this stock the first place!

    About
    CEO selling 222,500 shares, you must ask why? Nobody
    on this board knows! Maybe personal stuffs, but it
    is certainly not about WSTL being weak.

    CEO
    announced great earnings then sold a fraction of his shares
    is a much more favorable scenario than to wait until
    a weak earning qrt to sell(think about it, if you
    were CEO and you need a large sum, what are you to
    do?). Either way would have new WSTL holders panicked.
    Only those calm ones know the difference.


    Reuters, 07/20/2000 20:11

    INTERVIEW-Westell sees
    four-fold revenue growth in 2001

    By Yukari
    Iwatani

    CHICAGO, July 20 (Reuters) - Westell Technologies
    Inc. (NASDAQ:WSTL) said on Thursday it
    expects its
    full-year 2001 revenues to increase almost four-fold after
    the telecommunications
    equipment firm reported
    higher-than-expected first quarter results on Wednesday.

    Marc
    Zionts, chief executive of Westell, told Reuters in a
    telephone interview that he now
    expects the company to
    report full-year 2001 revenues of about $500 million, up
    from $122
    million in 2000. "My sense is that it's
    very likely now that Westell is a company that ends up
    with
    significant revenues for the year," he
    said.

    Zionts had previously said he expects 2001
    revenues of about $380 million.

    Westell reported a
    more than three-fold increase in fiscal-first quarter
    revenues to $107.9
    million and pro forma net income of
    $3.7 million, or 6 cents a share, marking the first
    time that
    Westell reported a profit since its
    initial public offering in 1995.

    Its earnings
    per share for the quarter beat analysts' consensus
    estimate by four cents
    according to First Call/Thomson
    Financial, which tracks such data.

    Zionts said its
    surprising growth was driven by an increase in demand for
    its high-speed DSL (digital subscriber line)

    modems, primarily by British Telecommunications Plc
    (ISEL:BT), SBC Communications Inc. (NYSE:SBC) and Bell
    Atlantic.
    Revenues from modems rose to $61.9 million from
    $1.2 million a year before and $16.2 million from the
    previous quarter,
    he said.

    Zionts said he
    expects to continue to see healthy growth from modems but
    said the accelerated growth in coming
    quarters
    will be from Westell's transport systems group, which
    makes DSL network equipment and sells it through a

    partnership with Fujitsu Telecom Europe Ltd. "You'll see a
    lot of growth in that unit," he said.

    The
    transport systems group expects a deal with British
    Telecoms to ramp up significantly over the next few
    quarters,
    Zionts said. In its fiscal first quarter, the
    transport systems group reported revenues of $6 million, up
    from $3 million last
    year.

    Although
    Westell had previously said it expects to spin off its
    Conference Plus unit, which manages and hosts Internet,

    audio and video conferences, later this year, Zionts
    said it was more likely that it would be spun off next
    year.

    Shares of Westell rose more than 25
    percent at 27 on Nasdaq in afternoon trade.

    chicago.equities.newsroom@reuters.com))

    Copyright 2000, Reuters News
    Service

    Companies or Securities discussed in this
    article:

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    • analysts increasing earning estimates, companies
      proclaimiing business is outstanding, trade publication
      claiming shortages for their products, the stocks are
      getting pounded. Sometimes earning do no drive a stock
      over the short term.

 
WSTL
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