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

To: Timoteo who wrote (17659)	1/19/1999 10:05:00 AM
From: Daniel Chisholm	Respond to of 18263

Matridigm gets mentioned in the Wall Street Journal: interactive.wsj.com What this means, insurance experts say, is that small consulting firms with large year-2000 exposure are the most likely to be refused this type of coverage. MatriDigm Corp. found this out recently. The San Jose, Calif., firm, which gets the majority of its $5.5 million in annual revenue from year-2000 analysis and remediation, recently was asked by a client to secure professional liability insurance before doing year-2000 work, but MatriDigm had no luck. "The insurance carriers said we don't underwrite" such policies, said Robert Luth, MatriDigm's chief financial officer. The client ultimately didn't require the coverage, he added. The article was about how carriers are reluctant to sell Y2K liability insurance, so it was not being negative on Matridigm in particular. - Daniel

To: Timoteo who wrote (17659)	1/19/1999 10:56:00 AM
From: sheldon spivak	Read Replies (2) \| Respond to of 18263

Please point me to the earnings release. Thanks.

To: Timoteo who wrote (17659)	1/19/1999 11:06:00 AM
From: Marconi	Read Replies (1) \| Respond to of 18263

Hello Timoteo: Looks like Zitel inverted cash and Accounts Receivable year to year, about 7 and 3 last year to 3 and 7 this year. The bulk of their assets are in AR at this point. It is interesting to note with the 5.5 million shares issued in the last year the common stock equity went up about 5 million, or less than $1 per share. The public wasn't buying shares at those prices this last year!!! Their accounts payable and accrued liabilities, i..e., total current liabilities are larger now than a year ago, despite a shrinking base of lossy activities and lesser shrinkage of overhead costs. Looks like Zitel is on track toward 0 equity. Odd how a market cap of $90 million is still trading in spite of public information of a few minutes diligence that would indicate one is buying a penny for the dollar. I haven't watched lately, but I imagine traffic in puts is picking up. Best regards, m report posted at biz.yahoo.com