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Technology Stocks : Zitel-ZITL What's Happening
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To: CalculatedRisk who wrote (14655)3/17/1998 10:41:00 PM
From: HighGain  Read Replies (2) of 18263
 
Quarterly loss prediction: 2.8 Million

Logic as follows: last quarter's loss of $4.5 million reduced by the one time charge of $.3 million for layoffs leaves $4.2 million operating deficit. The layoffs save 16% of salaries. Total cash burn last quarter was the $8 mil in revenue plus the $4.2 million deficit totaling $12.2 mil. Salaries estimated at 75% of this is $9.15 mil. 16% of the $9.15 mil salaries, or $1.46 mil, will be saved due to the layoffs. So with everything else constant, the loss would be reduced by $1.46 mil making it around $2.5 million.

However, I'll speculate they will announce some new cost cutting measures and take some new charges of around $.3 million bringing the total loss to $2.8 million.
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