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Technology Stocks : SYQUEST

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To: Roger Folsom who wrote (2766)5/15/1997 10:05:00 AM
From: Joe Reich   of 7685
 
Roger -

You should read up on some of the earlier postings. Back in February (I think) there was a slew of product announcements, including the now infamous 26 million Syjet backlog announcement. I have found more than adequate availability of Syjet through both local Chicago area outlets (Best Buy, Computer City, Micro Center, CompUSA, CDW etc.) for some time. Also all the major mail order outlets have had them for some time.

Stock rose after the bad earnings announcement out of relief that the bad news was finally out (hopefully over). Stock dropped thereafter on the realization that the bad news is probably not all out and no (positive) info on current quarter sales have been released (and the quarter is half over).

Although there is broad agreement that SYQT has great products and will survive in one form or another for some time to come. There is broad disagreement on how low ($1???) it will sink in the mean time.

Joe
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