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Technology Stocks : SYQUEST
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To: Ralph Bergmann who wrote (5884)3/16/1998 11:01:00 AM
From: LukeH   of 7685
 
I have spoken in great detail with someone who has just returned from Penang and spoken with middle management. The are on track for 200k SparQs and 1m cartridges this qtr in production, ramping up in Penang to 500k SparQs and 3m cartridges in the December qtr. Orders are on 6 week backlong at present. There are no substantial production issues remaining. Expect revenues in the mid $40m to $50m this qtr, ramping to $75m in the June qtr. With that kind of ramp, despite dilution, this stock is going up. Remember that it is inappropriate to consider the full dilution unless you also consider the company to hold the $200m in cash that would be injected upon the exercise of existing warrants. Product has been well-received by the marketplace and the critics; now that production issues are dissipating the stock will have a nice run over the next several months.
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