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Technology Stocks : Zitel-ZITL What's Happening
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To: CalculatedRisk who wrote (14776)3/27/1998 4:43:00 PM
From: Bill Wexler  Read Replies (2) of 18263
 
NEW JERSEY AWARDS Y2K CONTRACT!!!!!!!!!1

Unfortunately, they decided to overlook Zitel's fraudulent "technology" and awarded it to Alydaar (ALYD).

Note that ALYD actually went DOWN 1/2 on this news.

I believe that investors are finally beginning to understand that the Y2K nonsense is WAY overblown, and that the only people who are making any real money are the established shops like CA and Keane.

Zitel is an obnoxious scam. The recent rise in the price is a pathetic attempt at a short squeeze along with additional conversion of the Cayman shares.

Zitel is technically bankrupt. It will soon trade in the single digits.
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