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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion
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To: Chi-X who wrote (1352)10/24/1996 6:30:00 PM
From: Philip H. Lee   of 13949
 
CNBC did not say ZITL was worth $1 1/2 per share.

What they said was if you extrapolated $1.5 million for 7% of MatriDigm, it would only be worth $1.50.

However, no one is taking this extrapolation seriously because the guy who bought the 7% stake helped out MatriDigm a lot (CNBC pointed this out). So they gave him a steeply discounted price out of consideration for his contribution. That is why ZITL's stock survived yet another "negative" piece of news today.

Philip
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