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 (16537)	7/14/1998 2:56:00 PM
From: CalculatedRisk	Read Replies (5) of 18263

PREDICT THE LOSS CONTEST! Last quarter, ZIT stunned everyone, even the short sellers, by losing $5.49M on revenues of only $4.39M. The winners in the "Predict the Loss Contest" were corey haber & wynn quon ... they both predicted losses of $4.5 Million. These were the worst losses predicted ... and ZIT did much worse. This quarter has a few wrinkles: 1) IBM made a final royalty payment of $950K that will show up this quarter. 2) There will be a write-off associated with the new convertible debentures and 3) ZIT may not include storage (a "discontinued operation") in their numbers. For the purpose of this contest, storage's losses will be included. My estimate for the loss is $4.3M. Entries will be accepted until losses are announced (sometime next week). Regards, Bill

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next