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

To: DragonBoy who wrote (16536)7/14/1998 2:39:00 PM
From: NYBellBoy  Read Replies (2) | Respond to of 18263
 
DragonBoy - On National Public Radio this AM they stated that results will not be out for a week or so. They did mention that most transactions went well and there were a few minor problems. Since Wall Street is testing transactions are working on these items this is a good sign that Wall Street will not crash due to the Y2K problem. Some big companies are father ahead than expected and some big software companies are checking legacy systems for some giant companies.

But DragonBoy, what does this mean for Zitel? Will they get Y2K contracts based =on the past success rate or their amazing financial condition. They are practically bankrupt and the "going concern" and their only asset is MD.

Please provide me with your insight on why you purchased Zitel stock.

:)

BellBoy



To: DragonBoy who wrote (16536)7/14/1998 3:02:00 PM
From: Christopher Charles Milas  Respond to of 18263
 
I worked for IS dept. of The Swiss Bank Corporation at the Board of Trade in downtown Chicago. We needed to be year 2000 compliant by this fall or have a lot of fines imposed on us by the gov. All of the major financial institutions are already y2k compliant or mostly there. I'd assume major companies are likewise done. BTW, we had our own guys handle compliance.

Happy Trading ....


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