Kaufempfehlung für Zitel - Kursziel 12 Dollar m.T.

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Kaufempfehlung für Zitel  - Kursziel 12 Dollar m.T. Bandit

Kaufempfehlung für Zitel - Kursziel 12 Dollar m.T.

 
#1
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: institutional@josephcharles.com

                     SOURCE Joseph Charles & Associates, Inc.


                     (C) 2000 PR Newswire.  All rights reserved.

                     www.prnewswire.com

                     CONTACT:          David Weinstein, Director of Institutional Research, Joseph
                                       Charles & Associates, Inc., 561-391-9090, or e-mail,
                                       institutional@josephcharles.com
                                       (ZITL)
                     
                     
                     KEYWORD:          Florida
                                       California
                     INDUSTRY KEYWORD: FIN
                     SUBJECT CODE:     RTG
                     


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