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Technology Stocks : SYQUEST

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To: Gary Wisdom who wrote (6274)4/29/1998 3:44:00 AM
From: Dale Stempson   of 7685
 
CC Information (#4)

Legacy products not desired as much

Trimming R&D slightly

If we hit objectives, we've seen the last of negative GMs

G&A influenced by legal services

Will continue to use cash over next several quarters

More investment in Penang, more on SparQ

Legend joint venture discussions are ongoing

We don't believe we'll need to drop prices soon

Expect a very significant increase in unit production this quarter, but the following quarter will be more moderate due to Summer

Last quarter SyJet cart yields were terrible

Shipped less of a cart mix than planned

Will continue to offer 230s for a long time into the future

We will make a positive GM on drives

Burnt $40 million in cash

Greatest revenues occurred during last month of quarter

This quarter still in a steep ramp

$4 to $5 million this quarter for servo writers

Cash in prior quarter used for other issues, now focused on SparQ

Regards - Dale
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