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Westell Technologies Fiscal 2010 Second Quarter Highlights

  • Fiscal second quarter consolidated revenue of $47.4 million.
  • Fiscal second quarter net income of $2.9 million, or $0.04 per diluted share – Westell’s second consecutive profitable quarter.
  • Cash and cash equivalents increased by $4.7 million in the quarter to $53.9 million.
  • Retrospective adoption of newly approved accounting rules allows the recognition of previously deferred revenue for UltraLine Series3 gateways.

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Westell to Host Second Quarter FY’10 Earnings Call on October 22

AURORA, IL, September 30, 2009 -- Westell Technologies, Inc. (NASDAQ: WSTL, “Westell”), a leading provider of broadband access products and conferencing services, announced today that its subsidiary, Conference Plus, Inc. (ConferencePlus™),will manage Westell’s second quarter fiscal 2010 earnings conference call on Thursday, October 22, at 9:30 AM Eastern Time using its EventManager™ Service.
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Westell Technologies to Present at TechAmerica AeA Classic Financial Conference on November 3, 2009

AURORA, IL August 18, 2009 – Westell Technologies, Inc. (NASDAQ: WSTL), a leading provider of broadband products, outside plant telecommunications equipment and conferencing services, announced today that its management will present to investors at the TechAmerica “AeA Classic” Financial Conference. Westell will present throughout the day on Tuesday, November 3, 2009, beginning at 8:30 a.m. Pacific Time. The company will be represented by Rick Gilbert, President and Chief Executive Officer, and by Brian Cooper, Chief Financial Officer.

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Westell Technologies Reports Profitable Fiscal 2010 First Quarter Results

Westell Technologies Fiscal 2010 First Quarter Highlights

  • Fiscal first quarter consolidated revenue of $40.5 million. Non-GAAP fiscal first quarter consolidated revenue of $53.8 million[1], which includes deferred revenue from UltraLine Series3 gateways.
  • Fiscal first quarter net income of $1.6 million, or $0.02 per diluted share. Non-GAAP net income during the fiscal first quarter of $2.9 million[1], or $0.04 per diluted share[1].
  • First profitable quarter since March 2007.
  • Cash and cash equivalents increased by $3.2 million in the quarter to $49.2 million.

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Westell to Host First Quarter FY’10 Earnings Call on July 22

AURORA, IL, July 14, 2009 -- Westell Technologies, Inc. (NASDAQ: WSTL, “Westell”), a leading provider of broadband access products and conferencing services, announced today that its subsidiary, Conference Plus, Inc. (ConferencePlus™), will manage Westell’s first quarter fiscal 2010 earnings conference call on Wednesday, July 22, at 9:30 AM Eastern Time using its EventManager™ Service.

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