SYQUEST Message Board - Msg: 6176367

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Technology Stocks : SYQUEST

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To: Michael Coley who wrote (7328)	10/27/1998 9:30:00 AM
From: Dale Stempson	Read Replies (1) of 7685

>>> I think that SyQuest probably has some suitors, but the suitors aren't willing to pay anywhere near current market valuations. <<< The EdHeads of course informed us about hiring CIBC Oppenheimer some time ago and one would have to assume that this company would have put together at least a few discussions regarding potential mergers/acquisitions/partnerships/joint-ventures. What SyQuest might be worth to a potential suitor is something that I believe is difficult for most investors (well, at least myself) to determine. Yesterday it was interesting to read analyst Howard Rosencrans (HD Brous) state: "Any buyer probably won't pay a premium [over the stock price]. The company, at most, is worth a few cents a share." I wonder if he forgot about the Series 7? <g> Regards - Dale

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