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Technology Stocks : Zitel-ZITL What's Happening -- Ignore unavailable to you. Want to Upgrade?

To: Michael who wrote (17924)	6/14/1999 10:54:00 AM
From: Marconi	Respond to of 18263

Hello Michael: Your reference to marketguide.com does show net institutional purchases of 0.063 M shares. Some of the buying and selling could be short covering. It looks like short interest is rising slightly. My shot is the institutional positions 5% or so of stock outstanding (if I recall correctly) do not mean much. The net trends are downward, Zitel remains a destroyer of shareholder equitiy--the positions in the stock have been locked down for a long time relative to 3 months and the deterioration of the underlying business entity continues. Triflings, all these indicators are triflings. Poor management and nothing of note for a residual entity that could operating as a going concern remains the Zitel story basically. Best regards, m