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: CalculatedRisk who wrote (26)	6/2/1997 7:36:00 PM
From: Bill Wexler	of 67

I love the "portable factory" thing!!! I read another article (I think I also posted a copy on the main thread) entitled "The Year 2000 as Racket and Ruse". The author explains the reason why the Y2K phenomenon is so compelling to the layman is because the so-called "bug" is very simple to understand (for example, everyone has seen an odometer roll over). I think the Y2K scams capitalize on this by using metaphors which sound reasonable to the average shnook. "Code factory" gives the mental image of a technician in a lab coat shoving Cobol code in one end of a big black box, and brand-spanking new code being spit out the other side. All that's left to do is to cut the check to Matridigm for $1 billion a month.

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