Zitel-ZITL What's Happening Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Zitel-ZITL What's Happening

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: NYBellBoy who wrote (13845)	1/26/1998 4:23:00 PM
From: CalculatedRisk	Read Replies (2) of 18263

BellBoy, re: CC. I listened to the CC BS again. A few points: 1) They have 1 portable code factory (same as last quarter). 2) The savings from the layoffs is estimated at $700K to $800K per quarter. 3) Management claims they can survive for 6 months based on a model using cash on hand, line of credit, and additional cutbacks. The line of credit is for $3M and expires on Jan 31, '98. (What bank would loan Zitel money?) 4) There were 5 questions, the first was from (I believe) Emerald's Joe Besecker. The moderator didn't mention Emerald and mispronounced the name ... we need the transcript to verify. Of the 5 questions, 3 were completely lightweight. One questioned the NY contract ... its a joke. The other broke down revenues: storage was just over $3M, the remaining revenue was from software/Datametrics. Best Regards, Bill

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next