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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
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:)

Thoughts? Comments?

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ReplyMessage PreviewFromRecsPosted
67 Short at 4 5/16 and darn happy about it. Who woulda thunk it would ever be shoHans-12/13/1999
66 I shorted a whole bunch more when the "merger" hype sent the stock boBill Wexler-12/3/1998
65 <<Thank you very much ladies and genetlemen. Please hang on to your shortsheldon 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? DDDD™-10/30/1997
58 I think we'll get there but it will be a bumpy ride. Eventually, investorsBill 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 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 yoBill Wexler-10/3/1997
52 Down another 3/4 today after I finally took a short position. The soon this sucArthur 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. LBill Wexler-10/2/1997
47 bill, gotta agree with you. I've shorted three times now at 21, 22, and 2Hans-10/1/1997
46 The Zitel/Matridigm fraud. The Matridigm "factory" paradigm is a redBill Wexler-9/30/1997
45 To All First Boston posters: READ WSJ article today 6/24 on pg A14. Trying to gCurlton Latts-6/24/1997
44 Well, looks now like the First Boston memo was inept management of a deliberateJacques Chitte-6/20/1997
43 Bill, The "strong sells" recommended by 1st Boston on the y2k sectorJohn Howell-6/19/1997
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