Westell Buys One Million Shares; Did Someone See This Coming?

$61 million (market cap) broadband modem-maker Westell Technologies (WSTL) this evening reported that since July 28, the company has purchased 963,481 of its shares on the open market, about 2 percent of its float of 41.8 million shares. The company also said its interim CEO, Bernard Sergesketter, purchased 100,000 shares on his own in that period. That was an additional 40,000 shares on top of the 60,000 the company announced Aug. 12 that Sergesketter had already purchased.

Wonder if someone knew something? The shares were up almost 5 percent today at 86 cents prior to tonight’s release.

Read the rest of this post


Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »