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

To: Karl Radke who wrote (12052)	10/28/1997 8:49:00 PM
From: Marconi	Read Replies (2) \| Respond to of 18263

Karl, Wasn't there a slowly ramping accumulation of short shares to around 7 M in September. If short interest is now 5M, does this clue us that Cayman position is cleared? Roger Babb sounded like he was fairly confident Cayman cleared earlier. I am skeptical, but nothing concrete. It seems the Cayman interests would benefit more from a lower stock price, and tiering conversions over several months to garner greater cap value from Zitel and its shareholders. I would think Cayman investors have a considerable inside information advantage compared to the public, too. Another possibility would be that Cayman has other situations to money, and an assured 20+% as frequently as possible is 100+% per year, assuming 90 day transactions. That's up there with the top private funds managers of recent years duration. (Maybe there is a connection??) Best regards, MDR Assuming 30 day offshore transactions, that's 890+% per year!