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Technology Stocks : Zitel - Inept management or deliberate fraud?

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To: Bill Wexler who wrote (18)5/29/1997 3:28:00 PM
From: John Howell   of 67
 
Bill, Humorous post. I once got flamed for comparing the snake-oil salesman in the film "Little Big Man" to ZITL management (Before the run from 30 to 11).

The wierdest thing about ZITL is that some large institutions are still hanging onto it. If I were an executive with one of the large fund institutions and one of my managers was keeping ZITL in their fund I would have to question their capacity to properly take care of the resources placed in their trust.

I guess I shouldn't be too surprised. I read in Newsweek that several of the Fidelity Funds held Bre-X down to the pennies.
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