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Technology Stocks : Zapata (ZAP) -- Ignore unavailable to you. Want to Upgrade?

To: Hugh W. who wrote (418)	7/23/1998 10:38:00 AM
From: MARIO PASQUA	Read Replies (1) \| Respond to of 1206

To all, There was a news print correction they mix-up second quarter, for 3rd quarter. ZAP'S 3rd Quarter Ends 6/30/ 98 ******Zapata fiscal year ends 9/30/98 third quarter ends 6/30/98 ( which is 3rd quarter not second Q. as reported).

To: Hugh W. who wrote (418)	7/23/1998 10:40:00 AM
From: Smilodon	Read Replies (1) \| Respond to of 1206

This seems like hype. Technically they did beat estimates, but most companies take profits from the IPO of an operating unit as a one time gain. This is then taken out before measuring their performance relative to estimates. Regardless, this is all related to the protein business, not the internet companies. While I think the protein business is very solid, most investors are buying ZAP for the internet. The problem with this announcement is that it shows bad qualities in management to hype something like this. I shorted the stock on this news. Regards, Archer