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


To: Roger A. Babb who wrote (13173)12/3/1997 12:15:00 PM
From: CalculatedRisk  Read Replies (2) | Respond to of 18263
 
Roger, I consider Jack's departure from the ETEC board a positive for ETEC! According to ZITL's SEC filings, ETEC was the only company Mr. King served on the Board of Directors (in addition to Zitel).

ETEC is an excellent company (I follow them and have owned them long) and Jack being on the board has always bothered me. I feel better about them now that he is gone.

IMO, something is up - at ZITL. Maybe ETEC just wanted to upgrade their board. Or maybe ETEC was embarrassed by Zitel in general. But reading the press release - no mention of Zitel and calling King and Lego's departures "retiring" makes me very suspicious!

My feeling is that something VERY bad is about to be announced at ZITL and ETEC wanted to distance themselves from the announcement!
Regards, Bill