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Technology Stocks : SYQUEST

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To: Craig Kaltner who wrote (1600)	2/26/1997 4:31:00 PM
From: Q.	of 7685

<<That biography is a year old. How has he done since then? 300% for five years. I don't believe it. Who did the audit his grandmother?. If he started with only 5 million (1991) it would have grown to $1.2 billion (1996>> Craig, it's even more ridiculous than what you said. A 300% increase for five years would turn $5 M into $5 M * (1+3)^5 = $5.1 billion. I think you put a 4 in the exponent instead of a 5. Of course compound returns are always lower than average returns, and he was only claiming an average return of 300%, so he would have to be worth something less than $5.1 B. ;-) One thing is for sure. He didn't make 300% when he bought Syquest stock for $6 in October and sold it for about $2 in the last two weeks. And it is almost a sure thing that his warrants will never be worth anything either.

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