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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: Joey Two-Cents who wrote (8001)4/28/1998 5:24:00 PM
From: NYBellBoy  Read Replies (2) | Respond to of 18691
 
regarding Zitel - <The announcement basically said they can only last through the 3rd Q and that was the most optimistic part of their announcement.>

3rd Qtr 1998 is over June 30th. We are over half way there. They released the financials early to protect themselves. It can't get any better. Who would sign a Y2K contract? Who is going to buy a low margin business from a puny company?

the financials came out not aligned, but i did note that the line (-) for the first column of short term investments as of 3/31 is - or zero vs. 9.596 million for 9/30/97.

No mention of Matridigm, except other assets, net of $18.9Million.

:)

BellBoy