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Technology Stocks : SYQUEST
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To: Jim Lou who wrote (1497)2/14/1997 11:46:00 PM
From: dale velkovitz   of 7685
 
Jim as of 12/31/96 SYQT claimed a total shareholders equity of $9.7 million, unfortunately SYQT did not state how many shares of common were actually outstanding at this date, but based on the assumed conversion of the convertible preferreds during the quarter a reasonable estimate is that there are between 27 and 30 million common shares currently outstanding (before consideration of options, warrents, etc). This would indicate a book value in the range of $.32 to $.36 a share, so at todays closing price of 2 15/32, SYQT is trading at 7 or 8 times book value. The actual number of shares of SYQT outstanding should become know when/if SYQT files its 10-Q for the 12/31/96 quarter.
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