2000 Date-Change Problem: Scam, Hype, Hoax, Fraud Message Board

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Technology Stocks : 2000 Date-Change Problem: Scam, Hype, Hoax, Fraud

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To: Bill Wexler who wrote ()	6/1/1997 7:40:00 AM
From: PJM001	of 1361

Zitel should top the list. It is amazing what hype can do to a stock. I know people at work (engineers at KSC) that were touting ZITL and DDIM for several months, including arguments such as "we have information from goverment sources that these stocks will double or triple every month". I don't understand why people won't just do their homework before investing. Certainly, I wouldn't consider buying ZITL as investing but rather consider it as gambling, since in the off-chance that more people fall for the hype there will be a temporary rise in price. I know this has been said over and over in the Zitel thread, but: 1) Will Zitel be capable of generating enough profit in the next 944 days (including weekends and holidays) to justify its market cap? 2) Will they ever come with the "silver bullet" solution? Ther web page has a claim that they can process several million lines of code in several days. What happened to the million lines per hour hype? 3) Zitel's revenue and profit will be larger than Microsoft's in '98 and '99? Yeah, right. I read a really good essay by George Chelekis, titled "Lies, Lying and Liars..." (December 4, 1995), which remainded me of Zitel. Here are a couple of excerpts: << The "deal" is taking longer than expected. The Sultan will be flying from Brunavia any day now with the "check". Forget it. This is a lie. The play is over. Next, it will be the "Emperor" from "Mars" which will be flying in his spaceship with a load of platinum >> << News releases which focus on "new appointies" or an "advisory board". Sounds great. Where's the meat?>> Time will tell...

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