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


To: Daniel Chisholm who wrote (17234)10/6/1998 10:51:00 AM
From: Captain Jack  Read Replies (2) | Respond to of 18263
 
Is anyone listening to the CC? Contracts being announced?



To: Daniel Chisholm who wrote (17234)10/8/1998 9:54:00 PM
From: Steven M. Kaplan  Respond to of 18263
 
>>And what relationship does Zenith Acquisition Corp. (which I assume is somehow related to the takeover of Zenith Electronics by, who was it, SG of Korea) with either Zitel or Matridigm? Or is Zenith Acquisition Corp. a newly-created shell formed to facilitate this merger?>>

It is just a shell

<<. I just don't understand what purpose a complicated transaction such as this serves.<<

They did a "triangular" because the new entity will consist of two subsidiaries, DataMetrics and MatriDigm. The "Parent" will be the Holding Company (Named MatriDigm Corp.)