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Westell Technologies Provides Update on Strategic Alternatives for ConferencePlus; Updates Reported Fourth Quarter and Fiscal 2008 Results
AURORA, IL, June 17, 2008 - Westell Technologies, Inc. (NASDAQ: WSTL), a leading provider of broadband products, gateways and conferencing services, today announced that its ConferencePlus business unit will remain a part of ongoing operations for the foreseeable future. With the guidance and expertise of financial and legal advisors, the Company elicited and explored potential divestiture opportunities, but decided not to pursue these opportunities at this time. |
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AURORA, IL, May 21, 2008 - Westell Technologies, Inc. (NASDAQ: WSTL), a leading provider of broadband products, gateways and conferencing services, today announced results for its fourth quarter and fiscal year 2008, ending March 31, 2008. Total revenue for the fourth quarter was $44.7 million, a decrease from the $60.0 million reported in the prior year period. Net loss during the period was $61.5 million, or $0.87 per diluted share, compared to net income of $0.6 million, or $0.01 per diluted share in the same period last year. |
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AURORA, IL, MAY 13, 2008 -- Westell Technologies, Inc. (NASDAQ: WSTL), a leading provider of broadband access products and conferencing services, announced today that it's subsidiary, Conference Plus, Inc. (ConferencePlus), will manage Westell Technologies' fourth quarter fiscal 2008 earnings conference call on Thursday, May 22, at 9:30 AM ET using it's EventManager™ Service. |
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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. |
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