SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549




                                    FORM 8-K

                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934




Date of Report (Date of earliest event reported)              JANUARY 21, 2004
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                           WESTELL TECHNOLOGIES, INC.
                           --------------------------
               (Exact name of registrant as specified in charter)


         DELAWARE                    0-27266                    36-3154957
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 (State of other jurisdiction      (Commission                 (IRS Employer
      of incorporation)            File Number)              Identification No.)


750 NORTH COMMONS DRIVE, AURORA, ILLINOIS                         60504
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(Address of principal executive offices)                      (Zip Code)


Registrant's telephone number, including area code (630) 898-2500
                                                   ----------------------


                                       N/A
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          (Former name or former address, if changed since last report)



ITEM 7.           FINANCIAL STATEMENTS AND EXHIBITS

         (c)      Exhibits

                  Exhibit No.
                  -----------

                  99.1              Press Release dated January 21, 2004
                                    announcing earnings results for the quarter
                                    ended December 31, 2003.

ITEM 12.          DISCLOSURE OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION

         On January 21, 2004, Westell Technologies, Inc., issued a press release
setting forth its earnings for the quarter ended December 31, 2003. A copy of
the press release is attached hereto as Exhibit 99.1.

         The information in this Form 8-K is being furnished and shall not be
deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of
1934 or otherwise subject to the liabilities of that Section. The information in
this Form 8-K shall not be incorporated by reference in any other filing under
the Securities Exchange Act of 1934 or Securities Act of 1933 except as shall be
expressly set forth by specific reference to this Form 8-K in such filing.



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                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this Report to be signed on its behalf by the
undersigned thereunto duly authorized.


                                            WESTELL TECHNOLOGIES, INC.



Date:  January 21, 2004                     By:  /s/ Nicholas C. Hindman
                                                     ---------------------------
                                                     Nicholas C. Hindman
                                                     Senior Vice President and
                                                     Chief Financial Officer




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