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


To: Gary Wisdom who wrote (4791)11/17/1997 11:57:00 PM
From: Clemente Casuga  Read Replies (1) | Respond to of 7685
 
Gary,

Can you explain to me this 8k filing ? Is it really that bad ? Thanks.



To: Gary Wisdom who wrote (4791)11/17/1997 11:59:00 PM
From: Robert L. Ray  Respond to of 7685
 
Well I didn't read to too carefully since it's sorta long, (238kb:) and I'm not a Syquest holder anyway but it looks like the jest of it is that their offering 40 million new shares at 3.75 or therabouts. I'm not sure if the shits gonna hit the fan or not because it seems like everyone already knew that they were going to issue a lot more shares. I'd still be *much* more worried about the Castlewood ORB if I were a shareholder. I know Syquest has them sued and is saying that the Castlewood Ceo and other employees stole technology from Syquest but sheese, this ORB looks like (on paper) it blows every competing product into the weeds. Hmmmm. So the ORB is (according to Syquest) based on Syquest technology. All I can say is if Syquest has the technology that the ORB was based on then why the hell aren't *THEY* out on the market with something just as technically superior???? The ORB (when it hits the market)will store 2.1G for approximatly the same price or slightly less than the SparQ; and the SparQ is only 1G. If this lawsuit falters or if Syquest doesn't get it's butt in gear it's going to be dead in the water. The SparQ is a good start but their going to have to do even better and their going to have to do it very rapidly. The performance level of the disk/removable drive market is a moving target and to win Syquest or anyone else will have to stay on top of the curve.



To: Gary Wisdom who wrote (4791)11/18/1997 9:26:00 AM
From: Martin Olsen  Read Replies (1) | Respond to of 7685
 
Gary, all due respect, I do not believe that Harper is selling.
Instead it looks like a consortium of investors are
redeeming shares.
Very early in the 8-K "Registrant" is defined as Syquest, and
they then refer to the "selling stockholders."
The "Selling Stockholders are listed below:

"
The information included below is based upon
information provided by the Selling Stockholders.
Because the Selling Stockholders may offer all, some or
none of their Common Stock, no definitive estimate as
to the number of shares thereof that will be held by
the Selling Stockholders after such offering can be
provided and the following table has been prepared on
the assumption that all shares of Common Stock offered
under this Prospectus will be sold.

Name Shares of Common Shares of Shares of Common
Beneficially owned Common Stock Beneficially
Prior to Offering being owned After
(1)(2) offered Offering (2)

Bain & Company 513,649 513,649 0
, Inc/(4)

CC Investments 8,550,861 5,550,861 0
LDC/(5)

Capital Ventures
International/(5) 3,775,431 2,775,431 0

RGC International
Investors, LDC 7,329,936 5,550,861 0
(5)(6)

Nelson Partners 4,369,881 5,988,498 0
(5)(7)

Olympus Securities 6,927,512 7,319,276 0
, Ltd.(5)(7)

Multiple Import 1,481,481 4,981,481 0
Export, Ltd.(5)

Jayhawk Investments 0 3,736,429 0
L.P. (8)

Jayhawk Institutional 0 1,046,296 0
Partners(8)

The Silikahn Route 0 254,428 0
(9)(10)

Silicon Valley Bank 0 166,667 0

(10)

Greyrock Business Credit 0 333,333 0
(10)

Wharton Capital Partners 14,420 1,804,347 0
(10)(11)

Total 33,296,504 40,021,557 0