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

To: CalculatedRisk who wrote (16616)	7/16/1998 8:38:00 AM
From: corey haber	Read Replies (2) \| Respond to of 18263

kea is giving its conf today. it would would nice to see what they have to say about md and how they plan to use them. but, it will probably be the same sos. and deep u have a nice day!

To: CalculatedRisk who wrote (16616)	7/16/1998 9:39:00 AM
From: SOROS	Read Replies (1) \| Respond to of 18263

Zitel still can't get anyone to take their storage business off their hands. Seems no one wants any part of this company. Does anyone remember the glowing praises that certain newsletter hypesters had for Zitel's core business -- how far ahead they were of the competition, etc. etc. etc. Why would anyone hire, partner, merge, or even fix up their ugly cousin with Zitel at this point? When you have E-Bola, even the Hanta mice steer clear.

To: CalculatedRisk who wrote (16616)	7/16/1998 12:07:00 PM
From: Jacques Chitte	Respond to of 18263

Ok I'm in at a cautious ($4mm)

To: CalculatedRisk who wrote (16616)	7/16/1998 12:46:00 PM
From: E Rosen	Read Replies (1) \| Respond to of 18263

I was surprised that investors ponied up for the latest convertible debenture, and that the Cayman folks have not fully converted the first one, since bankruptcy seems inevitable and makes it very hard to reliably predict a profit. One possible, speculative, explanation: Perhaps they believe that although Zitel will go bankrupt, Matridigm will have some degree of success. If they hold enough of the outstanding debt at the time of bankruptcy, they will end up the owners of the Matridigm stake. So, for a few million of unconverted debt they get holdings worth perhaps a few times that. To indulge in conspiracy theory fantasizing for a moment, it is even possible that this is a way for management to hold on to the Matridigm stake while jettisoning the rest of the company and its stockholders. Does this make any sense?