Zitel - Inept management or deliberate fraud?

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Technology Stocks
Zitel - Inept management or deliberate fraud?

An SI Board Since May 1997

Posts	SubjectMarks	Bans	Symbol
67	4	0	ZITL

Emcee: Bill Wexler	Type: Unmoderated

Introduction Market Data Compact

Now that the Zitel nonsense is winding down, I thought it might be fun
to examine how the story unfolded so we may avoid getting sucked into losers like this in the future.

There is no doubt that Emerald Research and Dave Stewart misled investors with outrageous claims about this dying company. What is the realtionship between Stewart, Emerald, Zitel/MD management and the market makers who were pumping/dumping the stock? More importantly, was Zitel's investment in Matridigm designed solely to cash in on the Y2K frenzy through hyping the stock, or did Jack King and the other Zitel execs really believe they would see a real return from this dubious startup?

When Ken Titow (former Matridigm CEO) left the company after such a short period of time and without a reasonable explanation, it reminded me about the John Sculley/Spectrum affair (for more info about it, read the last paragraph of the following page:)

pbs.org

Thoughts? Comments?

Bill

Go to reply# or date (mm/dd/yy):

Reply	Message Preview	From	Recs	Posted
67	Short at 4 5/16 and darn happy about it. Who woulda thunk it would ever be sho	Hans	-	12/13/1999
66	I shorted a whole bunch more when the "merger" hype sent the stock bo	Bill Wexler	-	12/3/1998
65	<<Thank you very much ladies and genetlemen. Please hang on to your short	sheldon spivak	-	12/3/1998
64	Fraud it is!	Bill Wexler	-	4/30/1998
63	I vote for FRAUD!	John Howell	-	4/30/1998
62	Bill, see my post #3 in this thread.	Fernando Saldanha	-	12/31/1997
61	Zitel - inept management or deliberate fraud? The answer to the question this	Bill Wexler	-	12/27/1997
60	Not "impending". It HAS been collapsing since the beginning of 1997.	Bill Wexler	-	10/31/1997
59	Impending collapse of ZITL? biz.yahoo.com DD	DD™	-	10/30/1997
58	I think we'll get there but it will be a bumpy ride. Eventually, investors	Bill Wexler	-	10/5/1997
57	Do you think this "down elevator" will stop at "ground zero"	Arthur Radley	-	10/3/1997
56	As a follow-up to my earlier post about the Y2K conference ,the article states	Arthur Radley	-	10/3/1997
55	thestreet.com is offering a daily update on the Y2K conference going on in San	Arthur Radley	-	10/3/1997
54	"Plausible deniability..." That's for sure! Go get them, Bill!	Tom Fraser	-	10/3/1997
53	I'm beginning to think that the house of cards is starting to fall. Did yo	Bill Wexler	-	10/3/1997
52	Down another 3/4 today after I finally took a short position. The soon this suc	Arthur Radley	-	10/2/1997
51	Thanks for the info, Bill! You're right on target!	Tom Fraser	-	10/2/1997
50	I'm glad you enjoy my posts!! Investors in the Y2K industry are basically	Bill Wexler	-	10/2/1997
49	Bill: I really enjoy your Y2K posts! Would it be possible for you to tell us	Tom Fraser	-	10/2/1997
48	That's one of the things that really confuses me about the Y2K hysteria. L	Bill Wexler	-	10/2/1997
47	bill, gotta agree with you. I've shorted three times now at 21, 22, and 2	Hans	-	10/1/1997
46	The Zitel/Matridigm fraud. The Matridigm "factory" paradigm is a red	Bill Wexler	-	9/30/1997
45	To All First Boston posters: READ WSJ article today 6/24 on pg A14. Trying to g	Curlton Latts	-	6/24/1997
44	Well, looks now like the First Boston memo was inept management of a deliberate	Jacques Chitte	-	6/20/1997
43	Bill, The "strong sells" recommended by 1st Boston on the y2k sector	John Howell	-	6/19/1997

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