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Technology Stocks : Zitel-ZITL What's Happening

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To: John Kratus who wrote (11539)	10/10/1997 3:00:00 PM
From: CalculatedRisk	of 18263

John, the original technological claims made by MD were (even the longs will agree): 1) Fully Automated Factory This was critical. It would be impossible to process the amount of code required to justify the market cap if the factory was not fully automated. 2) High Speed: Millions of LOC per day. The Gartner Group originally estimated that the cost to fix a LOC would be $1. Using the Gartner estimate, MD would need to process several billion LOC over the next two years. Of course, the cost per LOC is dropping dramatically (we know ZITL is quoting $0.50 per LOC) and the number of LOCs MD needs to process is approaching 10 BILLION! 3) High Accuracy: 99.993% scan rate, 99.96% fix rate. These high rates of accuracy are necessary or the code would not be compliant or require too much manual intervention. The new MD brochure no longer makes these claims. There is no mention of speed or accuracy! And the brochure admits that several specialists are needed to work with each "work unit". MD is now admitting that they cannot process the amount of code originally forecast! However, the share price of Zitel is not yet reflecting this admission. Regards, Bill

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