SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Zitel - Inept management or deliberate fraud?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bill Wexler who wrote (12)5/27/1997 4:05:00 AM
From: Bill Wexler   of 67
 
Matridigm Big Lie #3: The Cobol maintenance market

One of the reasonable questions being asked of Matridigm management is: "Now that we're paying 1 billion for your company, which has no revenues and no earnings, we were wondering what you intend to do to make money after 1/1/2000. Assuming, of course, that the world doesn't come to an end."

The short answer is: "That's easy, we apply our 'technology' to the Cobol maintenance market."

Here are the problems:

1) No one is buying Matridigm's "technology".

2) There isn't a large Cobol maintenance market.

Point 1 is self-explanatory, and has already been admitted to by Matridigm's and Zitel's management in their last conference call. Point 2 begs the following question:

If there is supposed to be this huge Cobol maintenance market after 2000 - big enough to support the sky-high market caps of these Y2K scam companies - then why doesn't this huge market exist right now?

I think this is a reasonable question. Cobol is a dying computer lanuage from the days of clunky mainframes. Very little, if any, new development from PCs through Mainframes through C/S and Web/network apps is done in Cobol nowadays. If the business is not very large now (and declining), where will the new business come from 2 and a half years from now?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News