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Technology Stocks : Zitel - Inept management or deliberate fraud?
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To: Bill Wexler who wrote ()6/7/1997 5:24:00 PM
From: Bill Wexler   of 67
 
Zitel Big Lie #1: We are legitimate businessmen

The following is the *entire* contents of the FAQ on Zitel's web page:
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1.Who is Zitel?

Zitel was formed in 1979 with the objective of producing high- performance, solid-state memory and storage products for the mainframe environment. Zitel has been extremely successful to date, earning a solid reputation in this marketplace where it continues to be active. As a benchmark of Zitel's success and expertise in the mainframe market, the Company works in partnership with IBM for its innovative RAMACr mainframe storage product line.

Zitel is publicly traded on NASDAQ under the symbol ZITL.
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Extremely successful? Maybe extremely successful in stock manipulation and fraud, but I would question the silly self-congratulatory tone of the above statement. Results speak for themselves, and the quarterly earnings reports tell a much different story.
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