Zitel - Inept management or deliberate fraud? Message Board

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Technology Stocks : Zitel - Inept management or deliberate fraud?

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To: E Rosen who wrote (17)	5/28/1997 10:43:00 PM
From: Bill Wexler	of 67

Matridigm Big Lie #4: The Code "Analyzer" Ever since the days when con-artists preyed on unsuspecting victims by promising miracle cures and then selling the poor saps some magic elixir or bizarre medical contraption, there has always been somebody out there ready to separate the general public from its hard-earned money by relying on ignorance. Nowadays, the crooks come in three-piece suits and sport respectable-sounding credentials. Yet they still rely on pseudoscience to perpetrate their frauds. The following is another excerpt from the Matridigm brochure: ----------------------------------------- The Matridigm Code Analyzer captures the business rules and data interactions of each application in a unique hyperlinked data base. This allows matridigm to analyze your application as a whole. As a result, Matridigm is able to employ a unique data identification technique to find all of the date fields and logic within an application. ----------------------------------------- Step right up ladies and gentlemen! Do you suffer from the year 2000 crisis? Is your business about to go under because someone forgot to make a date field a little bigger in a 30 year-old Cobol application? Then take the Matridigm Code Analyzer!!! The Matridigm Code Analyzer will cure your year 2000 crisis...not at 1, not at 10, but at an AMAZING 50 million lines per hour!!! What complete crap!!! The description of the "code analyzer" is nothing more than meaningless gibberish. If you're wondering why Matridigm seems to stonewall every time an inquiry is made regarding this "miracle" technology, it's because IT IS A LIE. Zitel is going to have much bigger problems than hefty debt and a falling stock price. Many of the earlier investors bought into this fraudulent scheme based on clever misrepresentations made by Matridigm and Zitel executives - either directly or through their shills at Emerald research and David Stewart. Sooner or later someone is going to pay the piper.

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