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

To: Clemente Casuga who wrote (4792)	11/18/1997 1:12:00 AM
From: Gary Wisdom	Read Replies (4) \| Respond to of 7685

To: Clemente Re: Syquest 8K Clemente, Ultimately, you have to be the judge of your investments. I've pasted below a post I put on the Iomega thread tonight re: this sale. However, please note: it is not the company selling the shares - it is the President of the Company. How do you feel about the fact that leader of this Company is bailing out? Does this give you a lot of confidence in the company? Read the excerpts carefully. The filing just showed up today so it probably isn't reflected in the price of the stock yet. All I can say is watch out. This could be the fuel to drive this stock down to the penny level. And, before any Syquest fans start flaming me, I am not short Syquest. I could really care less about what happens to the company. And, no, I am not in the least concerned about Syquest's ability to affect Iomega. That is simply not reality. So, here's the excerpts: Approximate date of commencement of proposed sale to the public: As soon as practicable after the Registration Statement becomes effective. The inability to raise additional financings when needed and continued losses could impact the Company's ability to maintain its listing on the Nasdaq National Market in the future. Should the Company fail to meet such listing standards, it may be delisted from the Nasdaq Stock Market. UNCERTAINTY OF MARKET ACCEPTANCE OF PRODUCTS. The Company's future success will depend upon market acceptance of its new products and upon the Company's ability to establish its new products as industry standards. In December 1996, the Company began shipping its SyJet 1.5 Gigabyte Removable Cartridge Hard Drive (SyJet) product line. While the Company believes that the SyJet product line has been favorably received by the marketplace, there can be no assurance that the level of acceptance will continue or grow. Through March 31, 1997, SyJet production was constrained by industry-wide shortages of critical components and other production shortfalls. On November 3, 1997, the Company announced its SparQ 1.0 Gigabyte Removable Cartridge Hard Drive (SparQ) product line. The Company anticipates first customer shipments to occur in November, 1997. The initial acceptance of the market place for SparQ has been favorable, however, there can be no assurance that the level of acceptance will continue to grow. On November 10, 1997, the Company announced its Quest 4.7 Gigabyte Removable Cartridge Hard Drive (Quest) product line. The Company anticipates first customer shipments to occur in December, 1997. The initial acceptance of the marketplace for Quest has been favorable, however, there can be no assurance that the level of acceptance will continue to grow. While the Company believes that the EZ Flyer 230 will continue to be a contributor to the Company's revenue in the near future, there can be no assurances, in the face of increased competition and higher capacity solutions, that the demand for the EZ Flyer 230 will continue at current levels. During the 1996 fiscal year and fiscal 1997, the Company experienced disruption in its supply of certain components for a number of reasons including, industry wide shortages and the shortage of cash to pay suppliers.