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

in News on August 20, 2008 at 3:44 pm PT

$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.