Zitel-ZITL What's Happening Message Board

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Technology Stocks : Zitel-ZITL What's Happening

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To: SOROS who wrote (14784)	3/29/1998 12:31:00 PM
From: White Shoes	of 18263

RISK FACTORS from ZITL's 10-K filing (second in a series) "The Company sustained a substantial operating loss and net loss in fiscal 1997. The Company must generate substantial additional net sales and gross margins on its products and services and must successfully implement a program to manage cost and expense levels in order to remain a viable operating entity. There is no assurance that the Company can achieve these objectives. During fiscal 1997, the Company substantially reorganized and expanded its direct sales force for data storage products. Commencing in the fourth quarter, this sales force has been training to also sell the Company's software products. Net sales have not as yet risen to levels necessary to support the expenses incurred in this effort and there can be no assurance that satisfactory levels of net sales will be achieved in the future."

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