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

To: Jacques Chitte who wrote (17665)	1/19/1999 6:59:00 PM
From: Michael	Read Replies (3) \| Respond to of 18263

Important numbers from Quarterly Results are: 1) Cash down to $2.9 mil as of 12/31/98 2) Total loss of $2.8 mil on revenues of $5.9 mil 3) Cash burn rate for quarter was $1.2 mil. a month 4) Still no news of new financing 5) Simply math shows Zitel running out of money on March 12 (52 days to go) ps : of course zit could pare down acc/rec and further reduce expenses. Therefore Zit could last 60 days past March 12, before going Bankrupt sure is a nice day michael

To: Jacques Chitte who wrote (17665)	1/20/1999 10:07:00 AM
From: Marconi	Respond to of 18263

Hello LRR: What's the possibility that casual readers of the report will see Datametrics' 30% revenue growth and hype that up? Y'know, "worst behind us" and all that? I would guess greater than 50%. I had expected higher volume yesterday on the news and a test of new lows. Volume was modest and trading in a very narrow range considering the report. BTW I received the e-mail report from Zitel 1-1/2 hours after the market close. Shareholder services should have released that simultaneously with the wire release Yahoo published. Best regards, m