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Technology Stocks : Zitel-ZITL What's Happening

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To: NYBellBoy who wrote (13845)	1/26/1998 1:20:00 PM
From: CalculatedRisk	Read Replies (3) of 18263

BellBoy, the CC was stunning! The transcript should be available Tuesday or Wednesday ... The stated reason for the Monday A.M. CC was to announce the layoffs. Management acknowledges these initial layoffs are not sufficient and I expect Zitel to move out of their Fremont facility and announce additional cutbacks. (When I visited Zitel last year, I was amazed at the size of their facility) When Chait started asking the rhetorical question, "Is something wrong?", I couldn't stop laughing - so I missed parts of what he said. Basically, the "good news" for Zitel longs were the same old straws in the wind. The MD technology is great. The market is late. When companies wake-up, they'll come running to MD (and Zitel). ROFLMAO!!!! I definitely enjoyed the discussion of "aggressive pricing" ... so Y2K conversion prices are falling <G>! The NY deal is another joke ... and the analysts saw right through the subterfuge! I did enjoy the one "question" about NY checking Zitel financial viability<G>. I'll post more after the transcript is available - to make sure my quotes are accurate. Best Regards, Bill

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