Zitel-ZITL What's Happening Message Board

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Technology Stocks : Zitel-ZITL What's Happening

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To: McNabb Brothers who wrote (16470)	7/9/1998 2:10:00 PM
From: Michael	of 18263

Bluehorse: As a short I expect Zit to trade between $4-$6 range for sometime.Cannot predict exactly when Zit will break down under $3.00. The coming release of quarterly results will probably show Total Revenues of $4-$5 mil. Total Loss of $5-$6 mil. , Cash Burn of $4-$5 mil.,.Hard for me to see how the Zit can go any where but down over the following months. The y2000 business for Zit is not going to ever produce any meaningful revenues or profits. Besides Zit's y2000 business, Jack King has been burning cash as fast as he can get it. Why should Jack King all of a sudden do an about face and slash his own salary along with every expense of Zit. Your Friend, Michael

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