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

To: Graeme Smith who wrote (12468)	10/31/1997 5:25:00 PM
From: nonzeroa	Read Replies (1) \| Respond to of 18263

If I recall correctly, ZITL consolidated the acquired companies into its balance sheet, but not its income statement.

To: Graeme Smith who wrote (12468)	11/1/1997 12:59:00 AM
From: Lyle Abramowitz	Read Replies (1) \| Respond to of 18263

Graeme, I think briefing.com is relatively objective and do not think they are at all trying to prop up ZITL. But then, I pay for the bloody thing--and I'm also short ZITL. My reading of their coverage was that they were reporting what the stock was going to do. This is what they usually do--they do at times recommend certain stocks and ZITL isn't one of them. When they posted at 9:25 AM there was already trading that indicated ZITL was not going to plunge at the open. My reading of their language was that a sharp sell-off would have been expected given what the company said the night before. They then pointed out some things which may have made the results appear acceptable to some investors. I also think that they were more or less correct with the Soros story. In a link I found on SI to an article (in Forbes, Fortune or somewhere) talking about Y2K and ZITL, it was explained that Soros provides funds to various entities to invest autonomously. In the case of ZITL (according to this article), a group in Dallas as I recall, bought shares with some Soros money. This is quite different than Soros or his principals buying ZITL. This is what briefing.com meant by a "Soros investment vehicle." Lyle