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

To: Bill Wexler who wrote (14908)	4/19/1998 11:42:00 PM
From: HighGain	Read Replies (1) \| Respond to of 18263

I have no information to confirm or dispute this. However it would make sense. Zitel is out of cash. If they were unable to raise more cash by selling more stock to the Cayman Island guys or other investors, and they are unable to get a loan, then they must sell off assets to stay in business. Trouble is they don't have any assets, except Matridigm which the market thinks is worth something or Zitel would be a penny stock. My guess is they sell their Matridigm stock to BRCP, which already owns a small part of Matridigm. Afterwards, Zitel would have cash to invest in some new business. Zitel stock would fall considerably, but at lease they get to stay in business for a while. Make sense?

To: Bill Wexler who wrote (14908)	4/20/1998 12:46:00 AM
From: bigg e	Respond to of 18263

Mr.Bill...Here is what I can confirm...Davis Love III won The Heritage at Hilton Head today, the NFL draft officially ended and Hale Irwin won the senior PGA by a large margin. And this is not hype. ESPN or your local sports section can confirm it. I am not a paid shill for ESPN either. I can also confirm that if the MD/Z affair is over, it could be very ugly long and the shorts can feed on what's left of the carcass. Then this board will evaporate into oblivion. C'est la vie...