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Technology Stocks : SYQUEST
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To: The Osprey who wrote (7363)10/28/1998 9:11:00 PM
From: KM  Read Replies (1) of 7685
 
Yea, as Paul Harvey says, "Here's The Rest of The Story"

(from Street.com this evening)

SyQuest Technology (SYQT:Nasdaq) said it is out of compliance with the terms of its credit covenant with Greyrock Business Credit. Greyrock agreed to waive the default but cut SyQuest's credit line to $10.75 million from $30 million. SyQuest said it has no room for additional borrowing under the Greyrock credit line and has no other sources of significant debt funding but is trying to find alternate funding.

I know, let's all collect recyclable aluminum cans and bottles and send them to Ed Harper to cash in. Kind of like Kramer and Newman wanted to do on Seinfeld <GG> Maybe someone can lend him a U.S. Postal van. Hell, you can buy one share of Syquest for every five cans or bottles you turn in, I believe.
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