Westell Technologies Inc. has a market cap of $89.9 million; its shares were traded at around $1.31 with and P/S ratio of 0.6.
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Sales and marketing expense decreased 21.0% in the ConferencePlus services segment when comparing the three months ended June 30, 2009 to the same period last year due to the reduction of 12 employees which resulted in lower personnel-related costs of $271,000, lower expenses of $141,000 related to travel, meeting and tradeshows, a reduction of $165,000 of international sales expense, and a net increase of approximately $15,000 of other sales and marketing expenses.
reduction of 18 employees, lower bonus targets and the elimination of a 401(k) match, a reduction in maintenance expense of $114,000, a reduction of research and development expenses incurred by Contineo of $249,000, and a net reduction of approximately $208,000 of other research and development expenses.
Restructuring The Company had a reduction in force across all business units in the first quarter of fiscal 2010 that resulted in a total restructuring charge of $609,000, of which $414,000, $46,000 and $149,000 was related to the CNS, OSPlant Systems and ConferencePlus services segments, respectively. A $58,000 reversal was recorded in the period ended June 30, 2008 to record a change in estimate for related severance and outplacement.
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