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

To: Daniel Chisholm who wrote (18021)	8/10/1999 10:09:00 AM
From: Steven M. Kaplan	Respond to of 18263

Evidently, the "modified plan", under which they would have owned 58% of M/D, never closed.

To: Daniel Chisholm who wrote (18021)	8/10/1999 10:46:00 AM
From: Marconi	Read Replies (1) \| Respond to of 18263

Hello Mr. Chisholm: From $45M to $3.3M(!) Zitel management apparently executed their business plan as envisioned with their expansive talk of business lines and subsidiaries, and self-congratulatory lauding within the executive ranks. My cut; Zitel's business continues to be forging dollars to dimes.... Best regards, m BTW my early impression of the acquisitions was one of using the residual capital to feather several potential landing spots for cronies. I don't think my initial impression was much off target in retrospect.