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

To: Pancho Villa who wrote (8993)	5/20/1998 9:32:00 AM
From: drsvelte	Read Replies (1) \| Respond to of 18691

More Zitl hype sends pre-open bid up to 7 1/8. Short more. (America), Inc. Hitachi to Manufacture Zitel Storage Systems FREMONT, Calif., May 20 /PRNewswire/ -- Zitel Corporation (Nasdaq: ZITL) announced today that it has signed a contract with Hitachi Computer Products (America), Inc. (HICAM), whereby Hitachi will begin manufacturing Zitel's storage subsystems at their ISO 9002 certified facility in Norman, Oklahoma. Zitel management believes that utilizing Hitachi's world-class manufacturing capability will enhance Zitel's ability to completely divest itself of the storage line of business while continuing to satisfy customer needs. "Hitachi has a long history of manufacturing high quality storage subsystems for their customers worldwide, such as Hitachi Data Systems and Comparex," said Jim Hogan, Zitel general manager. "We are very pleased that Hitachi and Zitel are working together to provide our large international customer base with our storage products." "Hitachi Computer Products (America) is aggressively expanding its contract manufacturing business," said Don Higgins, HICAM's chief financial officer. "Hitachi's commitment to providing the highest quality manufacturing services offers Zitel's customers a significant benefit and reassures them that their investment in storage products is protected." "This transaction provides new opportunities for Zitel customers," said Mr. Pierre De Greef, director, architecture and systems, at Bank Brussels Lambert s.a. (BBL). "With storage manufacturing and worldwide support now being provided by Hitachi, Zitel's Intelligent Storage Division has aligned itself with a global partner. This provides Zitel with the ability to leverage Hitachi's capabilities in a market where competitiveness is measured by the economies of scale of one's operation. This new partnership will yield tangible benefits for Zitel's storage customers, like BBL, in terms of satisfying future capacity requirements and from an overall support standpoint." Hitachi Computer Products (America), Inc., a subsidiary of Hitachi America, Ltd., builds a wide range of mainframe computer peripherals including disk and magnetic tape drives and computer storage devices. Hitachi Computer Products (America) also develops software and hardware products for networking and database applications. Zitel Corporation is an Information Technology company specializing in advanced memory algorithms, systems optimization and modeling and search technology. The Company's products and services include Year 2000 consulting, project management, planning, analysis, code conversion and testing; and, performance measurement and modeling software which integrates data collection, performance analysis and capacity planning for multiple systems. Zitel's headquarters are located at 47211 Bayside Parkway, Fremont, CA 94538. Telephone: 510-440-9600 or 800-622-5020. Fax: 510-440-9696. For information on Year 2000 services, call 888-FIND FIX. Web address: zitel.com. To receive press releases via e-mail, visit the Company's home page for information and instructions. Zitel is a registered trademark of Zitel Corporation. All other product names and brand names are trademarks or registered trademarks of their respective holders. SOURCE Zitel Corporation -0- 05/20/98 /CONTACT: James A. Hogan of Zitel Corporation, 510-440-9600, or 800-622-5020/ /Web site: zitel.com (ZITL) CO: Zitel Corporation; Hitachi Computer Products (America), Inc.; Hitachi America, Ltd. ST: California IN: CPR SU: KP-MP -- SFW032 -- 0391 05/20/98 08:31 EDT prnewswire.com //Begin Meta Data// Selector Code: ..j7c Copyright 1998, PR Newswire