Zitel : Kaufempfehlung mit Kursziel 12 Dollar - 500 Beiträge pro Seite

[Bandit]

Joseph Charles Initiates Coverage on Zitel Corp. as a Buy, 12-month Price Target at $12 and Releases Research
Report

BOCA RATON, Fla., Apr 5, 2000 /PRNewswire via COMTEX/ -- The following is
being issued by Joseph Charles & Associates, Inc. (Joseph Charles), a member of
the National Association of Securities Dealers, CRD number 3949:

Joseph Charles & Associates, Inc. (Joseph Charles), Director of Research David
Weinstein initiates coverage on Zitel Corp. (Nasdaq: ZITL) with a Buy
recommendation and releases initial research coverage with a 12-month price
target of $12.

Zitel Corporation, headquartered in Fremont, CA, is currently unrecognized in
the market for its successful turnaround from a company with three distinct
product missions into a lean operation with a new CEO leading the fight against
denial of service attacks and for universal performance level network
management. The Company`s turnaround is most readily apparent in its past and
anticipated financial performance. In 1999 the company lost ($0.59) per share.
We anticipate the Company will reduce that figure to ($0.05) in 2000 and show a
profit of $0.24 in 2001. Zitel entered its fiscal year with no long-term debt
and we expect it will have a profitable quarter in the near term. Taking into
consideration the Company`s improved financial condition, its aggressive new
CEO, the strength of its product offerings, and its impressive client list, we
are establishing coverage with a Buy rating and a 12-month price target of $12.

Information and statements contained herein, other than historical information,
should be considered forward looking, involving risk and uncertainties. The
security referenced is speculative in nature and may not be suitable for your
investment objective. Joseph Charles is a market maker in the securities of this
company and may hold a long or short position. The officers, directors and
affiliates of Joseph Charles may maintain positions in the securities
referenced, which may change at any time without notice.

CONTACT: David Weinstein, Director of Institutional Research, 561-391-9090
e-mail: [e-mail]

SOURCE Joseph Charles & Associates, Inc.


(C) 2000 PR Newswire. All rights reserved.

http://www.prnewswire.com

CONTACT: David Weinstein, Director of Institutional Research, Joseph
Charles & Associates, Inc., 561-391-9090, or e-mail,
[e-mail]
(ZITL)


KEYWORD: Florida
California
INDUSTRY KEYWORD: FIN
SUBJECT CODE: RTG

[firstecom]

Zur Erinnerung die Entwicklungsstufen

FORTEL Inc.
NASD : FRTL
Sector: Technology
Industry: Software & Programming




June 28, 2000

FORTEL announced expansion of its European business operations, by adding
new staff and offices and by acquiring a former distributor. FORTEL has opened an
office in Bad Homburg, Germany. In Switzerland, the Company acquired former
distributor Telemetrics Systems AG. The office operates under the name FORTEL
AG and is located in Bern. Financial terms were undisclosed.

May 8, 2000

FORTEL announced the availability of SightLine, a new software suite that provides
carrier class service levels for eBusiness. SightLine identifies information flows and
critical paths, helping managers predict and address trouble spots before problems
turn into crises. With SightLine, IT executives can proactively tune business
processes, assuring optimal reliability, availability, and performance for
eBusiness-critical applications.

May 8, 2000

Zitel Corporation, parent of Datametrics, announced that both companies are being
folded into a single entity with the new name "FORTEL". The move reflects a new
direction and commitment to technology that assures the service level
management goals of eBusiness.

January 27, 2000

Unisys Corporation entered a three-year pact with Zitel Corpation`s Datametrics
Systems Corporation unit to integrate their software products. Financial terms were
not disclosed. Unisys said it will resell its e-@ction applications with Datametrics
Systems ViewPoint products, used in electronic-business performance
management.

December 14, 1999

Datametrics Systems Corporation, a subsidiary of Zitel Corporation, announced its
new VisualPulse product. This new product enables monitoring of specific
websites, servers, and network nodes anywhere over the Internet, across a
corporate Intranet or Extranet, visually providing realtime and historical reports on
network latency and packet loss.

December 10, 1999

Datametrics Systems Corporation, a subsidiary of Zitel Corporation, announced
that it has added support for the Linux and Sun Solaris platforms to the Company`s
VisualRoute Internet product. The VisualRoute product already offers support for
Microsoft Windows 95/98/NT/2000.

September 27, 1999

Datametrics Systems Corporation, a subsidiary of Zitel Corporation, announced
that Stratus Computer has chosen to sell and support ViewPoint multi-platform
performance management software for the VOS community, replacing the current
performance product for VOS.

September 21, 1999

Zitel Corporation announced the termination of its planned acquisition of MatriDigm
Corporation, citing that combining the two companies is no longer in the best
interests of Zitel.

August 16, 1999

Datametrics Systems Corporation, a subsidiary of Zitel Corporation, announced it
has joined EMC`s E-Infostructure Developer`s Program, enabling Datametrics to
add EMC Symmetrix Enterprise Storage system support to their flagship
performance management product, ViewPoint.

August 10, 1999

Zitel Corporation reported that it entered into an agreement with MatriDigm
Corporation to acquire the shares outstanding of MatriDigm not owned by Zitel
through a merger of MatriDigm with a wholly owned subsidiary of Zitel. Zitel will
issue approximately 2.2 million shares of its Common stock upon closing of the
merger. The transaction, expected to close in approximately 60 days, is subject to
regulatory approval and other conditions. MatriDigm may operate as a separate
business unit of Zitel, alongside Zitel`s Datametrics business unit. Zitel currently
owns about 31% of MatriDigm`s shares outstanding.

July 21, 1999

Zitel Corporation reported that, in the quarter just ended, it received and completed
a contract to audit IBM COBOL code for Pacific Gas and Electric Company in San
Francisco. This project was completed using MatriDigm Corporation`s Millennium
Control System to analyze the COBOL code and the MatriDigm Analysis of
Renovated Code 2000 process for the IV&V phase. Terms of the contract were not
released.

February 17, 1999

Datametrics Systems, a division of Zitel Corporation, announced that VERITAS
Software has licensed technology from Datametrics. The new
Datametrics-VERITAS agreement is part of Datametrics` rapidly expanding
Significant Industry Partner program, which creates innovative technology solutions
to meet individual vendor needs.

December 21, 1998

Zitel Corporation announced that it restructured the planned transaction to combine
with MatriDigm Corporation. Instead of the planned merger, Zitel will convert
$3,200,000 of notes receivable plus accrued interest into MatriDigm preferred
stock. Zitel`s resulting ownership in MatriDigm will increase to approximately 58%.
As part of the revised plan, the merger agreement is being terminated. The
modified transaction is expected to close in January 1999. Discussions to combine
the companies have been suspended but may be reinstated at a later date.

October 6, 1998

Zitel Corporation and MatriDigm Corporation jointly announced that they have
signed a definitive merger agreement providing for a combination of the two
companies. Zitel currently owns approximately one-third of MatriDigm, a privately
held company that provides Year 2000 solutions software and services. Following
the consummation of the transaction, the current shareholders of Zitel and
MatriDigm will own approximately 55.5% and 44.5%, respectively, of the new
company, which will be named MatriDigm Corporation. The transaction is expected
to be completed early in calendar 1999.


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andy