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

To: Susan Saline who wrote (17622)	1/2/1999 5:14:00 PM
From: Michael	Respond to of 18263

Bankruptcy is looming for Zit. Zit closed the past quarter with no new financing. The numbers tell the story. Cash on 9/30/98 was $6,589,000 Acc/Rec 3,579,000 Cash Burn Oct. est. (1,500,000) Cash Burn Nov est. (1,500,000) Cash Burn Dec. est. (1,500,000) Cash on 12/31/98 est. $2,868,000 Acc/Rec 12/31/98 est 2,800,000 Cash Burn 1/31/99 est (1,500,000) Cash Burn 2/28/99 est (1,500,000) Cash Burn 3/31/99 est.(1,500,000) Cash on 3/31/99 est. $0,000,000 Acc/ Rec est. 1,168,000