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Technology Stocks : SYQUEST -- Ignore unavailable to you. Want to Upgrade?


To: Raven McCloud who wrote (4578)10/31/1997 12:21:00 AM
From: Tim Luke  Respond to of 7685
 
Trading over 2million shares per day and its holding on tells me that it will head up.



To: Raven McCloud who wrote (4578)10/31/1997 3:34:00 AM
From: Ralph Bergmann  Respond to of 7685
 
These results are worse than I expected. I never thought of declining revenues. I cannot understand, why this stock jumped more than 10% after this release.
All possible good news are out now!!! And it is absolutely clear for me, that this stock will go down now to 2$ in the next 4 weeks.

Nevertheless I have the feeling that the management, will reach a turnaround sometime in the future, and the company will survive. Maybe they will be able to replace Iomega.
But this does not mean that it justifies a stock price of 5$ or 10$. Intel or Microsoft are great companies, but would you pay 1000$ for these stocks?. Two years ago Syquest had about 10 Million shares. In the near future they will have 240 Million. They are just printing their bucks and are inflating the value of their shares.

This is the last chance to get out!

Ralph Bergmann