Reading between the lines...
biz.yahoo.com
''The initiation of a new advertising and merchandising campaign, as well as price changes, drove sell-through at retail and is helping the company manage inventories in anticipation of upcoming product announcements,'' said Ed Harper, Syquest president and chief executive officer.
READING BETWEEN THE LINES: We are dumping the old products as fast as we can. (Doublespeak, thy name is Ed.)
''We will continue to expand the investment in sales and marketing programs we began in the earlier quarter, and we do not anticipate returning to profitability during the December quarter. We continue to believe that we are tracking within one quarter of our original internal plan.''
READING BETWEEN THE LINES: We are one quarter behind plan.
''Further price reductions on existing products and our line of exciting new products are the result of extensive customer and market research,'' Harper said.
READING BETWEEN THE LINES: We weren't selling enough of our older products so we lowered the prices.
''The convergence of our strong customer focus with our engineering and manufacturing expertise will help us emerge as an efficient mass distributor of market-driven products.''
READING BETWEEN THE LINES: If the customers like our new products and buy enough of them, we'll improve our distribution channel.
By the way don't forget...
sec.gov
Wednesday, November 5, 1997, at 10:00 a.m., Pacific Daylight Savings Time, at the Company's principal executive offices at 47071 Bayside Parkway, Fremont, California 94538
Be there, or be diluted. Of course you had to own shares at the close of business on September 22, 1997, to be entitled to vote on the proxy. IMO, the share increase is a lose-lose situation for investors. If it passes current shares most likely will be diluted. If it fails to pass Syquest may be in a tight money crunch. Perhaps they could sell that Bloomberg terminal in the boardroom to drum up some extra cash?
Regards,
mark_b
PS. The preceding was all just my opinion of course.
PPS. Ken, not me. I just post here. (Plus, I have a fascination with slow motion train wrecks.) :) |
