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

To: CalculatedRisk who wrote (16909)	7/28/1998 8:18:00 PM
From: corey haber	Read Replies (1) \| Respond to of 18263

bill, the magnitude of the zits' losses astounds even me. in their release no mention at all of the rev of md, and how much cash md has burned. I also rmember as a long and talking to people like deepo, on how we should be sooooooooooooooo impressed on the managment of md. well chait leaves with no reason given. i guess the zit/md is not the second coming of slice bread.

To: CalculatedRisk who wrote (16909)	7/28/1998 8:37:00 PM
From: Dave Mansfield	Respond to of 18263

Got me there Bill/Graeme. I am not always good at spotting tongue in cheek. Sometimes I confuse the hype on the Yahoo board with the humor on the SI board. Dave

To: CalculatedRisk who wrote (16909)	7/30/1998 5:41:00 PM
From: NYBellBoy	Read Replies (1) \| Respond to of 18263

Bill & All ZITL Shorts & Longs - I was on vacation and just had a chance to review ZITL's Quarterly Results. IMHO, the Fat Lady has sung and many people don't know it yet. IMHO, the Write Down of the Deferred Tax Assets by $6,547,000 means that their is no assurance that the Deferred Tax Assets could ever be Realized. Therefore, when the 10Q is filed, IMHO I firmly believe that the dreaded "Going Concern" clause will be prominently listed and discussed. IMHO, if MD was going to merge with the ZITL they would have done it before the end of the quarter or release of the quarterly results so that they could use the Deferred Tax Assets to offset MatriDigm's Income Taxes for the merged entity. The Cash of $11,751,000 is a result of the recent Long Term Debt issued. The Total Current Assets $17 Million is less than the Total Current liabilities of $8.7 Million and Long Term Debt of $15.4 million. Therefore, the only assets left are the fixed assets, which can't be worth their cost basis and Other Assets, MatriDigm. This company has about two weeks to announce something dramatic or the stock will dramatically decline. :) BellBoy