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

To: sheldon spivak who wrote (17462)	12/21/1998 8:43:00 AM
From: Bob Trocchi	Read Replies (2) \| Respond to of 18263

Sheldon... >>Zitel Reports on Status of Combination With MatriDigm Corporation and Year-End Results<< biz.yahoo.com Lots of changes. No merger with MAT., will end up owning 58% of MAT.,King as expected is saying that bigger and better opportunities are being worked on with MAT., transactions with MAT that I do not understand but a finance person would. Some specifics, with last Q vs 97 Q and 12 months vs 12 months. Q vs Q Revenue 4 vs 6 Losses 14 vs 17 Both include a lot of write offs 12 mo. vs 12 months Number of shares outstanding 19m vs 15m (still issuing more shares) Revenue 21 vs 17 (wow revenue growth) losses 43 vs 17 yup, losses of 43 million in past 12 months. Amazing that Jack King still can issue such positive statements including returning to profitability next year! He surely is amazing! All in all, IMO, there is more spin in the press release than a new Christmas spinning top!. Any contrary views. Bob T.