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Technology Stocks : Zitel-ZITL What's Happening
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To: Kathy Riley who wrote (7353)5/27/1997 8:53:00 PM
From: Bill Wexler   of 18263
 
********** Yet more problems with Matridgim. **************

As I mentioned about a week ago, I ordered an information package from Matridigm. I received it today in the mail.

First of all, let me say that the quality of the materials I got was not what I would expect from a company that currently sports a market cap of over a billion doallars and is supposedly poised to gross billions of dollars a month.

Inside the package, there was a little glossy 4 page pamphlet with a real silly photograph on the front cover of a guy in a suit running inside a huge watch gear (much like a hamster in a wheel). The text of the pamphlet consiosts of 15 paragraphs that basically reiterate the year 2000 "problem" and the absurd $600 billion Gartner figure.

They go on to claim that matridigm has the only "fully automated solution" and can process "50,000,000 lines of code a week". They don't mention windowing.

The rest of the package consisted of copies of press releases (the same ones which can be obtained off the web) and a mangement overview.

There were no technical white papers, no price lists.... nothing of substance.

At this point not only would I recommend selling your stock if you're still hanging on, but also suing Zitel for material fraud. To put it simply, you and other Zitel shareholders have been taken to the cleaners.
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