Carl-
Nice post on the ramblings of Wynn Quon. As soon as I read the following passage, I knew how "valuable" his opinion was.
>>* In late October, BRC Holdings purchased 7% of MatriDigm for $1.5 Million.
This implies that the *total* value of MatriDigm is $21 million. Zitel
owns a third of this, which comes to $7 million. (ref. Barrons, Oct. 28th)
There appears to be a bit of a discrepancy between this and the $400
million price tag that investors have put on Zitel.<<
Anyone who Quon-tifies the purchase of "Founder Stock" with performance goals
as the eqivalent of shares purchsed at market value certainly must be a true
stock market maven.( LOL,LOL, ROTFWL )
Then we have this marvelous quote from our maven:>>>* big software houses have been contracted already to fix the major problems
- the lead time for changing and testing ancient software is two to three
years; Zitel/MatriDigm may miss the window entirely<<
He does not mention MatriDigm's statement of the time it takes them to complete a conversion:>>The MatriDigm year 2000 solution significantly reduces the time, costs, resources and risk of your Year 2000 conversion. Send us your code. MatriDigm can process up to 50 million lines of code in a week. This means a solution in days or weeks instead of months or years. In addition, our conversion service will integrate with your current IS processes without sacrificing your current enterprise technology responsibilities.<<
Furthermore, on Jan 6, 1997 M/d will let everyone know the status of their product, the customers under contract, and the answers to the rest of the questions that the investment world has been asking.
Steve |
