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Technology Stocks : Zitel-ZITL What's Happening
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To: Kathy Riley who wrote (8666)7/10/1997 1:10:00 PM
From: Gary S.   of 18263
 
Thanks for repeating that Kathy. I know that we have talked about this before. There are different phases of y2k process. Some of the shorts are knowingly ignoring that fact. KEA, IMRS, VIAS and others are all signing up contracts but it will be interesting to see when it comes down to conversion phase. They are running out of resources and they are aware of it. SO definitely they are looking for tools to be able to handle that. Confidence in the IT industry is counting on these emerging tools. I heard both KEA and IMRS are looking at the MD factories.

Somebody here has already confirmed they Zitel/MD is working on a defense contract but tried to gave it a -ve spin by telling that it is just a sub-contract. I don't think that was any surprise to me. Idea is to make money and they can make lot of money by associating with the companies who are already married to the government or defense. As a matter of fact Zitel/MD needs those kinds of companies to handle the hassles of obtaining the contracts and doing the front end work.

Thanks Roger for confirming that Zitel/MD is working on a defense contract and it is going well after some initial problems have been worked out. It will be great news when announced. For now it's just a warning to those who think Zitel is a scam and is going to Zero.

Good Luck to all.


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