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Technology Stocks : Zitel-ZITL What's Happening
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To: Terry Blount who wrote (1070)11/23/1996 9:52:00 PM
From: Timothy R. West   of 18263
 
To All ZITL, Y2K Investors: There is NO SILVER BULLET!
I sat in a private meeting with three of the top brass at CSI (owned by ZMAX, listed on the otc bulletin board) and the Pres of Inv Relations. The President, Head of Sales, and the programmer said there is NO SILVER BULLET solution to the Y2K problem. They also said it is IMPOSSIBLE for ZITL/Matridigm to convert 1 million lines of code in 1 hour (as is commonly believed to be true).
Why? Imbedded logic in programs is DIFFERENT FOR EVERY COMPANY. Also, in order to make changes, how will you know if the program will run afterwards? Answer: You don't know if it will work. Does ZITL have a program to ANALYZE the code first, before making changes? ZMAX/CSI does. After this 90 minute private meeting I attend at the Waldorf in NYC, I feel confident that the Y2K problem is much more complex, difficult to assess, and that the general investing public is WIDELY UNINFORMED AND OVEROPTIMISTIC about the ability of ZITL/Matridigm to solve the problem. I would expect ZITL to come under severe selling pressure once it is revealed that ZITL is not the only answer and will likely be much less profitable than most people think currently. ZITL should NOT be purchased for the long account until further, conclusive data is revealed.
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