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


To: doug doan who wrote (12338)10/31/1997 11:56:00 AM
From: CalculatedRisk  Read Replies (2) | Respond to of 18263
 
Doug, two accounting comments.

First, Zitel has stopped the absurd practice of claiming a "tax benefit" to reduce their losses.

Second, there is a high likelihood of a "going concern" warning from Coopers & Lybrand (Zitel's auditor). The auditor's opinion will be in the 10-K to be filed with the SEC in December.

Regards, Bill