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Non-Tech : Any info about Iomega (IOM)?
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To: Brent D. Beal who wrote (47541)2/11/1998 5:24:00 PM
From: Stan J. Czernel   of 58324
 
Brent,

RE<I'm sincere in asking this--I honestly wouldn't have thought that SyQuest could have held on this long--"How much longer can they hold out?" They lost nearly $40MM on only $32MM is revenue. Am I missing something here? How much longer before the bankruptcy announcement?>

I think the fact that Syquest has been able to find a way to keep going is a testament to the perception of the potential of the market that they (and Iomega) are in. Even so, I can't beleive that the sharpies who are shelling out the lifeblood will be standing behind anyone come liquidation time.

Syquest investors may be getting reamed by dilution, but I think even they realize that there is no alternative - noone can come after them for more than they have invested in the stock.
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