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Technology Stocks : SYQUEST

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To: Don Wellington Jr. who wrote (7016)8/14/1998 8:26:00 AM
From: Cogito  Read Replies (2) of 7685
 
Don -

Welcome to SI.

I enjoyed reading your post. There are a couple of points I would question, though. First, you seem to imply that Iomega was founded by Kim Edwards. In fact, Iomega has existed since the mid-eighties. Their first successful product was the Bernoulli drive, and interestingly enough, they had a hand in the development of what has become the LS-120. Kim Edwards was brought in as CEO in early '95, I believe.

Second, although many people have suggested the possibility, I can't see what Iomega would have to gain by buying SyQuest.

I do agree, however, that it's probably more likely that SyQuest will be bought out than that they will go out of business. But we'll see.

- Allen
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