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

To: Dale Stempson who wrote (4685)	11/5/1997 7:48:00 PM
From: Kenneth Yeh	Read Replies (2) \| Respond to of 7685

Syquest = worthless paper money Upon reading the analysis by the Motley Fool, I've decided to dump all my SyQuest stock tomorrow. It's absolutely incredible how worthless SyQuest stock really is with the number of outstanding shares existing. I was fully aware that Syquest had diluted their stock but I didn't know it was as bad as the Motley Fool indicated. Given that the Motley Fool has given us accurate information, this stock should really be in the $1.00 range. I'm sure this stock would be diluted even further when insider trading occurs. If you look at this company objectively, the pricing of their SparQ's will give them very slim profit margins. Syquest will also have to spend large sums of money on their R&D as well as Marketing. Even if the sales are good, will they actually be profitable to their shareholders? Earnings are based on the number of outstanding shares and with the enormous number of shares outstanding, the earnings cannot possibly be good. Furthermore, they're authorized to issue up to 240 million shares of their stock; it seems at the rate they've been diluting their stock, I wouldn't doubt it when max out and dilute their stocks to 240 million outstanding. The Motley Fool analysis really opened my eyes and I'm going to dump the stock before I really get burned. Just my opinion, please feel free to disagree...(just frustrated, had to get it out of my system). (Ask size: 120 million shares, Bid size: 5) = worthless. -Kenneth