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Technology Stocks : Zitel-ZITL What's Happening

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To: Warren Gates who wrote (878)11/15/1996 7:16:00 PM
From: Jon Huang   of 18263
 
Warren,

It looks like you got some serious luck here shorting this stock at $50. I was contemplating to short it at 49.50 yesterday but didn't do so. I shorted ZITL in the a.m. today after reading WSJ news and shorted more in the afternoon. I think for a respectable news media such as WSJ, this is their nice way of saying Y2K suck, it's time to short ZITL and VIAS.

BTW, didn't Cognos inluded a fix for Y2K problem in their Power2000 software package? My point is, even if Y2K is a problem, there'll be a lot of competition coming out with their fix and flood the market.
At the end, ZITL will just tank as a loser. I personally know quite a few experts in computer programming and they told me this is not a complicated problem to solve.

Good Luck,

Jon
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