Here are some facts:
Syquest:
Total number of shares authorized=250 million
Total number of shares outstanding=53.8 million
Total number of warrants = 32 million, and if all warrants are exercised then
Total number of shares outstanding=53.8+32=85.8 million
Insiders buying=YES
Insiders selling=NO
Price/Book=13.36 Price/Sales=1.46
Iomega:
Total number of shares authorized=400 million, and soon to be 800 million after split.
Total number of shares outstanding=129.9 million, and soon to be ~260 million after split.
Insiders buying=NO
Insiders selling=YES
Price/Book=10.09 Price/Sales=2.65
Number of shares outstanding will increase as insiders exercise their options, as we have seen before.
By the way I own shares in both companies. I have used products from both companies and definetely Syquest products have an advantage in speed, capacity, design and price/MByte. Nonetheless, Iomega is becoming the standard in removable super floppies, and the share price could continue to rise to reflect future sales. However, once Syquest proves its competitive edge and show some profit then the share price will rise very rapidly to reflect future potential.
Iomega Zip drive and disks will face competition from Imation, Nomai, Shark and others.
Maher
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