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Technology Stocks : Zitel-ZITL What's Happening

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To: M. Frank Greiffenstein who wrote (1176)11/27/1996 2:00:00 AM
From: JB Wings   of 18263
 
Doc Stone, enjoyed your posts but I don't think you're the kind of doctor these "All Knowing Pro Shorts need." You see, we are dealing with Pro's that have spent years in the markets and are the only people who can tell us what's true, what isn't and who can post on this thread and who can go away (or back to AOL.) Since you're in the medical field maybe you could refer them though?? HHHMMMM?? Hey, here's a previous post from one of the subjects, and, your diagnosis is?

From: Stanley L Brown
Oct 12 1996 8:49PM EST
Reply #54 of 1177

Hey Guys,

I am new at this stock market stuff, but never the less am going
to try to make the most of a opportunity. I do however know about
computers and software. (As the owner of P.C. World Sales & Service)
I find all this hopla about Zitel to be questionable to say the least.
1st all the smoke seems to coming from the melinum problem poses to large companies
or any one running custom written software on main frames. There seems to be people
who believe there can be canned fix. I for one do not. After seeing to many
programers rum amuck from standards.

2nd Zitel is not even part of the problem or solution. They merely hold 35% of a
company (MatriDigm) that is "rumored to have software that can automatically change
computer code associated with
the year 2000 problem without the use of computer programers."
quote taken from Dow Jones new release 10/10 17:46
(Personally I say baloney, what seem more probable is a software that
can search thru hundreds of thousands of lines of code and flag a
programmer to the area, there by reducing the time to correct the
problem. just personal opinion)

3rd Zitel went on record 10/10 to state "We do not expect our
relationship with Matridigm to have a material impact on Zitel's
fiscal 1996 financial results. Any impact on financial results beyond
1996 is difficult to project at this time. Based on information
provided by Matridigm, general availability of Matridigm's services
is expected to be announced by early 1997."
They then go on to state that statements about Matridigm and its services that involve
substantial risks and uncertainties, including
the risks that the software in development will not be successfully developed, will take
longer to develope than is currently expected,
will not have the functionality currently planned or will have "bugs"
or other problems rendering its comercial sale more difficult or impossible.

4th Do you know who Viasoft is? They seem to be the hands down
favorite for what ever type solution comes out of this mess.

As one analyst put it "Viasoft is an investors best play on year 2000
problem" says Soundviews Kris Tuttle These guys have done the leg work
on who has what and how far along it is a present.

Now i find this out after I am long in Zitel at prices never seen
before by this stock. I can always pray. If thats not enough I am
long about the price of small house in Manhattan on SEXI. I am
doing a lot of praying these days.

Stanjr

So Doc, can you help this man?:)
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