SEC Investigation of Westell Ends with No Enforcement Action
AURORA, Ill.--(BUSINESS WIRE)-- Westell Technologies, Inc. (NASDAQ: WSTL), a leading provider of broadband products, outside plant telecommunications equipment and conferencing services, announced today that it was notified by the Securities and Exchange Commission that the formal investigation into trading of the Company's securities which began in December, 2007 has been completed without any enforcement action.
Westell Technologies, Inc., headquartered in Aurora, Illinois, is a holding company for Westell, Inc. and ConferencePlus, Inc. Westell, Inc. designs, distributes, markets and services a broad range of broadband customer-premises equipment, digital transmission, remote monitoring, power distribution and demarcation products used by telephone companies and other telecommunications service providers. ConferencePlus, Inc. is a leading global provider of audio, web, video and IP conferencing services. Additional information can be obtained by visiting Westell's Web site at http://www.westell.com.
Source: Westell Technologies, Inc.
Released August 21, 2009