The shorts don't even now why they've made money on this thing. It's
like watching a bunch of chimpanzee's slapping themselves on the back
and flashing that %#!& eating grin.
From Yahoo:
Subj: shorts are long on rumor and bald
face lies
By: jelmendo
Date: Dec 3 1997 7:00 P.M PST
Reply To: Msg. 12 by jzone1
I read, with great amusement, the ongoing string of B.S. per-
petrated by the desperate shorts in Zitel. You can count the
number of times you read an actual fact on one hand. For anyone
who seriously follows developments in the Y2K arena, it is common
knowledge that less than 5% of the corporate industry, and less
than 2% of the government has begun to address Y2K on any level
beyond assessment. As such, an extremely high premium will be paid for
automated, high volume solution providers as the time grows ever shorter. The
only fully automated solution in the de
Jager2000 index is Zitel. The lack of contracts is due mainly to
the fact that Zitel is hunting for bear, Federal Government bear.
That's where the big money is, and that's where the guaranteed
money is. Unlike private industry, the Feds dont have to worry
about profit margin. They will spend whatever it costs to become
compliant, and bill the taxpayer if necessary, and brother is it
going to be expensive. As the Feds have just recently gotten their budget for
1998, the money will start to flow in the first
quarter of 1998. NIH is already in Zitel/Matridigm's pocket to
the tune of a 200,000,000 line conversion covering the 26 sub
agencies under NIH. I have also been told from two unrelated
sources that Zitel is already working on another Federal agency
contract involving 900,000,000 lies of code. The work is highly
classified and the Feds have put a gag on Ztl/MD as part of the
contract. Any doubters can ask why all of Matridigm's people were
in Tampa in Aug/Sept for drug and psychological testing as part
of their approval for classified clearance.
The LONG and short of this story is that anyone who bought
Zitel for their core business is a fool. The money they will make
via Matridigm and the Y2K problem in the next two years will be
unprecedented. That's the only business that matters. By the way, does
anyone really think this all ends in 2000? Are all the
companies that aren't comliant going to simply disappear from the
face of the earth? No, actually they'll still need to become com-
pliant as their computers still won't read 2001, 2002, 2003...
correctly no matter how many times you turn them off and on after
December 31, 1999. I dont know about you, but if I had the
chance to own the only technology available to handle 100million+
line conversion jobs, at a mere $11 a share, I'd jump in with
both feet. But then again, maybe Bill Gates will solve this all
one evening after dinner. The Feds aren't betting on it so why
would you. |
