SYQUEST Message Board - Msg: 1988001

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Technology Stocks : SYQUEST

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To: Dale Stempson who wrote (3729)	8/17/1997 8:59:00 AM
From: Michael Coley	of 7685

Re: Comeback Time - Aug 4 article Dale, Just a couple things to add to your comments (and then we better go back to the Iomega thread and let some SyQuest bulls post here. <G>): >> >> Stiff competition with Iomega Corp. coupled with distribution >> >> difficulties resulted in the second-quarter loss. >> >> Distribution difficulties, where did this info come from? Syquest has >> stated a host of reasons why they've been losing money recently (in >> press releases and SEC filings), but this has not been one of them. The "distribution difficulties" were this: They couldn't get some of their vendors to ship product to them because the vendors wanted cash. They are still on a COD basis with many of their vendors. This was called "distribution difficulties" in the 10-Q. Read that part of the 10-Q carefully and this becomes painfully obvious. >> >> "This a huge market they both serve and they are clearly the >> >> two dominant suppliers." >> >> With Iomega sales running 10 times that of Syquest, and a host of >> other small competitors out there, I would hardly call Syquest a >> dominant supplier. I'll agree that Iomega is considerably larger than SyQuest, but I think it's fair to say that SyQuest stands out from the rest of Iomega's competitors. They are the largest, most firmly entrenched, and most widely recognized of Iomega's competitors. It might be true that Avatar and the LS-120 consortium are gaining on SyQuest, though. - Michael Coley - i1.net

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