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AURORA, IL, March 8, 2010 – Westell Technologies, Inc. (NASDAQ: WSTL), a leading provider of broadband products, outside plant telecommunications equipment and conferencing services, today announced that the company has entered into an amendment to its credit facility agreement with the PrivateBank and Trust Company. The amendment extends the maturity date of the credit facility agreement to March 31, 2011 and modifies certain other provisions of the agreement.
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AURORA, IL, February 8, 2010 – Westell Technologies, Inc. (NASDAQ: WSTL), a leading provider of broadband products, outside plant telecommunications equipment and conferencing services, today announced that its board of directors has approved a new share repurchase program of up to an aggregate of $10 million of its Class A Common Stock. The newly authorized repurchase plan will continue until the date the maximum amount of dollars authorized has been expended or the date the program is modified or terminated by the board of directors. The plan calls for the repurchases to be made in the open market or through privately negotiated transactions. The timing and amount of any share repurchases will depend upon share price, corporate and regulatory requirements, economic and market conditions and other factors.
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Westell Technologies Fiscal 2010 Third Quarter Highlights
- Fiscal third quarter consolidated revenue of $42.8 million.
- Fiscal third quarter net income of $2.7 million, or $0.04 per diluted share – Westell’s third consecutive profitable quarter.
- Gross margin improved to 32.2% in the quarter, compared with 25.4% in the prior-year quarter.
- Cash and cash equivalents increased by $4.1 million during the quarter to $58.1 million.
- Acquired 1.3 million shares for $1.4 million under the stock repurchase program.
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AURORA, IL, January 6, 2010 -- 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 third quarter fiscal 2010 earnings conference call on Thursday, January 28, at 9:30 AM Eastern Time using its EventManager™ Service.
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AURORA, IL November 12, 2009 – Westell Technologies, Inc. (NASDAQ: WSTL), a leading provider of broadband products, outside plant telecommunications equipment and conferencing services, announced that Rick Gilbert, Chairman and Chief Executive Officer, will present today at 4:00 p.m. ET at the Second Annual Needham Broadband Tech Day. The event will be held at the Needham & Company headquarters in New York City.
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