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

To: Michael who wrote (14877)4/9/1998 9:15:00 PM
From: Timoteo  Read Replies (1) | Respond to of 18263
 
I also agree that the ZIT is doomed. I would not be surprised if they reorganized to save the storage division under a different name by this fall. A merger is unlikely because Y2K is yesterday's news. Why invest in Y2K which is going nowhere when there are a hundred internet companies tripling in value. When even the good companies are going sideways (stock price) ZITL is history.

Best Wishes,

Timoteo



To: Michael who wrote (14877)4/9/1998 11:08:00 PM
From: corey haber  Read Replies (1) | Respond to of 18263
 
michael you are absolutely right. According to my calculations a merger would create roughly 50 mill worthless zit shares. thus wise a market cap of 600 mill which is zit at 12 is much too generous even for the disillusioned longs. Look for stock to go below 5 unless bankruptcy proceeds.


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