| Westell Technologies Announces Authorization of Share Repurchase |
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AURORA, IL, March 3, 2008 -- Westell Technologies, Inc. (NASDAQ: WSTL), a leading provider of broadband access products and conferencing services, announced today that its board of directors has approved the repurchase of up to an aggregate of $10 million of its Common Stock. Under the repurchase plan, any shares repurchased must be purchased on or before March 3, 2010. The plan calls for the repurchases to be made in open market or through privately negotiated transactions. The timing and amount of any share repurchase will depend on share price, corporate and regulatory requirements,economic and market conditions, and other factors. The repurchase authorization may be modified, suspended, or discontinued at any time. “Today's announcement highlights our confidence in our ability to successfully execute our strategic plans,” said Thomas Mader, Westell Chief Executive Officer. “We believe this share repurchase plan is a prudent allocation of capital that will allow us to increase long-term shareholder value while maintaining sufficient flexibility to invest in potential growth opportunities.” About Westell Westell Technologies, Inc., headquartered in Aurora, Illinois, is a holding company for Westell, Inc. and ConferencePlus, Inc. Westell, Inc. designs and develops broadband telecommunications access products. ConferencePlus, Inc. is a collaborative Application Service Provider that manages and hosts voice, video, IP applications and back-office services. Additional information can be obtained by visiting Westell's Web site at www.westell.com. "Safe Harbor" statement under the Private Securities Litigation Reform Act 1995:
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