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Technology Stocks : Zitel-ZITL What's Happening
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To: Marconi who wrote (13460)12/22/1997 7:22:00 PM
From: Brad Davies  Read Replies (2) of 18263
 
Marconi, the tax losses may be worth 20-25 cents on the dollar to certain buyers, but I think it would be a hard sell in the case of Zitl, since the buyer would have to merge the two corporations and take on the legal liabilities that come with it. I don't think any responsible company would put a viable business at risk by doing that.
On a different note, it seems to me that with their current burn rate, that Zitl should be out of money in about 2 months. (I calculate a burn rate of about 5m per quarter, and they had liquid assets of abut 9m as of Sept 30). Their life span may be even shorter if they continue to lose royalty revenue at the same pace.
Has anyone else done the analysis?

Ron
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