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To: Bill Wexler who wrote (829)8/14/1998 9:15:00 AM
From: Scarecrow  Respond to of 1361
 
Consider that tool-makers Accelr8 (ACLY), Crystal Systems (CRYSF), Zitel (ZITL), Viasoft (VIAS) and Seec (SEEC) are all trading within a few points of 52-week lows. In some cases, shares currently change hands at just one-sixth the highs they reached over the past 12 months.

"The market is now aware there is no magic tool to fix all the problems," Rubin said.



To: Bill Wexler who wrote (829)11/20/1998 8:05:00 PM
From: Ruyi  Read Replies (1) | Respond to of 1361
 
Bill is this you? I hope not,I always thought if nothing else you didn't resort to out right fabrication.If this is you, bye bye credibility.This from Zitl on Yahoo msg. board
Hey, Optical Schmuck- read this:
by: BILL_WEXLER (44/M) 16542 of 16581
Storage Disk-drive Maker Files Bankruptcy

.c The Associated Press

FREMONT, Calif. (AP) -- Zitel Corporation, an early developer of high capacity storage disk drives (CASD), has filed for bankruptcy and has reached a tentative agreement to sell a portion of its assets.

The buyer will acquire Zitel's patents and equipment used to manufacture disk drives and storage cartridges, the company said Tuesday. Zitel will retain all of its accounts receivable and ownership of its stake in MatriDigm Corporation.

The buyer has not been identified and a purchase price was not announced.

A definitive agreement is expected no later than Nov. 25. The asset sale must be approved by the U.S. Bankruptcy Court in Oakland.

The company has been plagued by management troubles, lawsuits and losses since 1995. Zitel has fired all employees and shut down operations in Fremont.

AP-NY-11-18-98 2306EST

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Posted: Nov 19 1998 10:14PM EST as a reply to: Msg 16540 by opticalguy
Replies: View Replies to this Message


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