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)              MAY 20, 2003
                                                              ------------


                           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 May 20, 2003 announcing
                                    fourth quarter of fiscal 2003 earnings.

ITEM 9.           REGULATION FD DISCLOSURE

     The following  information is furnished  pursuant to Item 9, "Regulation FD
Disclosure"  and Item 12,  "Disclosure  of Results of  Operations  and Financial
Condition."

     On May 20, 2003, Westell Technologies, Inc., issued a press release setting
forth its fourth quarter  fiscal 2003  earnings.  A copy of the press release is
attached herewith 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 or Securities  Act of 1933 except as shall be expressly
set forth by specific reference to this Form 8-K in such filing.

                                      -2-



                                   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:  May 20, 2003              By:  /s/ Nicholas C. Hindman
                                          --------------------------------------
                                          Nicholas C. Hindman
                                          Senior Vice President and
                                          Chief Financial Officer