Zitel-ZITL What's Happening Message Board

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Technology Stocks : Zitel-ZITL What's Happening

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To: Kathy Riley who wrote (16505)	7/13/1998 11:39:00 AM
From: Marconi	Read Replies (1) of 18263

Hello Kathy Riley: Zitl owns 1/3 MD I agree Zitel has an 1/3 interest of some nature in Matridigm, but that interest is not a simple interest--the actual interest remains obscure after several reviews by capable and experienced people as noted in this forum more than a year ago, as it remains so today. It is clear to date whatever that interest is it has not shown up as any revenue to Zitel--that is more than 6 quarters straight. To fill the gap to ZITL market capitalization, a flow of cash from MD would have to far exceed $10M per month, and with Zitel's persistent spendy habits, more than $20M a month would be more realistic. Zitel cannot be a going concern without profitability in at least one of their many activities, all of which remain net consumers of cash and ultimately, the remaining shareholder equity. If any one of Zitel's operations were profitable, they could liquidate everything else and remain a business entity, but at this point, I have seen nothing whatsoever that changes the picture that Zitel is in the death throes of business failure. Best regards, m

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