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

To: NYBellBoy who wrote (13465)	12/22/1997 4:19:00 PM
From: CalculatedRisk	Read Replies (1) \| Respond to of 18263

BellBoy, I saw that line about "uncertainty surrounding the realization of the NOL and credit carryforwards in future returns" and started laughing <G>!!!! This means (to paraphrase Richard Daley) "Sell Early & Sell Often"! BTW, did you look at the cash flow for MatriDigm. It looks like they sucked down $17.5M in cash in the last 12 months - but ZIT & BRCP only invested $5.5M - yet, there seems to be little dilution in ZIT's ownership to account for the other $12M. Any ideas? Best Regards, Bill

To: NYBellBoy who wrote (13465)	12/22/1997 4:27:00 PM
From: Wayners	Read Replies (1) \| Respond to of 18263

I thought the going concern thing did show up in the 10-K. Dale Baker posted this, "The Company believes that IBM is transitioning to a device that does not require royalty payments to the Company and that, as a result, royalty revenue will continue to decline. The Company sustained a substantial operating loss and net loss in fiscal 1997. The Company must generate substantial additional net sales and gross margins on its products and services and must successfully implement a program to manage cost and expense levels in order to remain a viable operating entity. There is no assurance that the Company can achieve these objectives. "