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Technology Stocks : Zitel-ZITL What's Happening
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To: NYBellBoy who wrote (13465)12/22/1997 4:27:00 PM
From: Wayners  Read Replies (1) of 18263
 
I thought the going concern thing did show up in the 10-K. Dale Baker posted this, "The Company believes that IBM is transitioning to a device that does not require royalty payments to the Company and that, as a result, royalty revenue will continue to decline. The Company sustained a substantial operating loss and net loss in fiscal 1997. The Company must generate substantial additional net sales and gross margins on its products and services and must successfully
implement a program to manage cost and expense levels in order to remain a viable operating entity. There is no assurance that the Company can achieve these objectives. "
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