SYQUEST Message Board - Msg: 4465708

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : SYQUEST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Richard James who wrote (6390)	5/14/1998 10:57:00 PM
From: Michael Coley	Read Replies (1) of 7685

RE: Cash Source for SyQuest Richard, >> wonder if you have factored in another cash source: product sales. << Unfortunately, product sales has had the opposite effect on cash for six of the past ten quarters. With the low price of SparQ and based on comments in their conference calls, I don't think SparQ will bring in break-even or positive gross margins until they double their production and sales. >> Should financing be required, wouldn't you expect more favorable terms? << The terms couldn't get much worse. Take a look through some of their SEC filings and see the high interest rates, fees, and conditions of their current revolving loan. Plus, take a look at the current balance of the loan. It's maxed out. >> BTW, were you finally able to find a broker to let you short syqt? << Unfortunately not. I would be less inclined to short at this level, anyway. The chances of a bounce from $2 to $3 are considerably better than I felt the chances 2 weeks ago were of going from $3 to $4. I still think the downside potential is easily $1 or lower. - Michael Coley - wwol.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next