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Technology Stocks : SYQUEST
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To: Dale Stempson who wrote (2511)4/22/1997 9:23:00 PM
From: Stephen Leung   of 7685
 
Fundamentals for removables.

Even though Syquest is heavily in debt, the market for removables is growing at a fast pace. Look at Iomega's market share. I believe the market has discounted already that Syquest will have a poor March Quarter.

What they are looking at is the following quarter:

1. probably very good sales of the Syjet
2. introduction of new products like the EZ420 or 800 (still waiting for the press release on this one - maybe there is an anticipated stock price for the news).
3. The development and implementation of Rocket technology. (Buy on the rumour they say).
4. Pending OEM deals (They still haven't inked one yet - very disappointing)

The hiring of the Iomega executive I believe has also caused a short term runup. He at least knows how Iomega markets and could bring with him some valuable info.

If it breaks $3.00 there could be a short term runup to $3.50 again before falling back.
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