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


To: Bill Wexler who wrote (14683)3/17/1998 7:57:00 PM
From: Michael  Read Replies (1) | Respond to of 18263
 
If Zitel's cash burn is greater than $1.8 million a month this year.
Zitel will be bankrupt before the conference call on about Apr.27.
Also if Zitel has less than $2.0 million cash on Apr.27.
Zitel could file for bankruptcy before conference call.
Most of this hinges on whether Zitel can secure additional financing.

Your Friend, Michael



To: Bill Wexler who wrote (14683)3/18/1998 11:31:00 AM
From: SOROS  Respond to of 18263
 
***NEWSFLASH***

The product Map2000 has just had a name change. Now known as MAP3000, executives with the company were heard to say, "those damn attorneys keep asking for guarantees and references -- these unnecessary delays and petty requests are making us reevaluate our process, so our turn around time will have to be pushed out about another 1000 years -- give us your code, and we guarantee it WILL be year 3000 compliant!"

Also on the street is the rumor of the proposed buyout of the Men's Warehouse by Zitel Corporation. Combining the favorite slogans from both companies, employees say they keep hearing the phrase, "The contracts are on the desk. I guarantee it!" being repeated over and over from the CEO's office.

One other whisper, though not yet confirmed, is talk of a 699 to 1 split of the shares of the company. When ask about this, the reply was -- "uh, we just feel the little people should have a chance to get wealthy in the stock market, plus we will soon thereafter be giving away a free red leisure suit with each stock purchase of at least 3 million shares -- I guarantee it!"

ps the above is all entertainment with NO real fact -- any resemblance to the truth is strictly intentional