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Non-Tech : Any info about Iomega (IOM)? -- Ignore unavailable to you. Want to Upgrade?

To: Gary Wisdom who wrote (41806)	12/31/1997 10:55:00 AM
From: John Solder	Respond to of 58324

>>Guess they're going to make up for it with volume!!! What a fantastic business model. That explains why Rockhead loves them. This type of business logic makes sense to him.

To: Gary Wisdom who wrote (41806)	12/31/1997 11:03:00 AM
From: Zebedee Wright, Jr.	Read Replies (3) \| Respond to of 58324

Gary If I were a SYQT stockholder, I wouldn't be laughing. In my 20+ years of investing that has to be one of the most pitiful 10-K's that I have ever read. It also seems to me, that anyone speculating in SYQT, would be much better off in Las Vegas, Reno, or Atlantic City. At least you would receive free drinks while your losses mounted. Zebedee

To: Gary Wisdom who wrote (41806)	12/31/1997 11:38:00 AM
From: RedCrystal	Respond to of 58324

A lose-lose situation << Due to competitive pressures, the Company reduced selling prices in order to maintain market share, but was unable to make corresponding reductions in manufacturing costs. As a result, the EZ135 and another subsystem product, the SQ3270, were sold for most of fiscal 1996 at negative gross margins.>> Talk about a lose-lose situation; Syquest lost money selling these drives, and the customer loses because she/he bought a drive that is sure to disappear from the market in no time.