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Technology Stocks : SYQUEST
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To: Dale Stempson who wrote (5503)2/12/1998 10:52:00 AM
From: JeffM  Read Replies (5) of 7685
 
Dale, I was on the call yesterday. Management stated a few interesting points: a) They sold just under 40,000 SparQs last quarter; b) They have already sold that many SparQs this quarter; c) Capacity will begin to ramp up sharply in March; d) There is currently one week of SparQ inventory in the channel, when they would prefer it to be at 4 weeks; e) They will need more funding, to come from warrant conversion, private placements and bank line extensions. They danced around the gross margin question a number of times by reiterating that SparQ needs to be a high volume product (= low margin?). The call was surprisingly upbeat from the investor side, and there was a lot of institutional interest. In any case, I think that Ed and Ed know what they are doing but I am concerned that they won't disclose any profitability scenarios for the SparQ. It is a swing for the fences situation.
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