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

To: JeffM who wrote (5157)	12/31/1997 1:26:00 PM
From: Malcolm Winfield	Read Replies (2) \| Respond to of 7685

Wow! The Steppford Iomegans are in full force I see. I own IOM & SYQT and haven't gone through the invasion of the body snatchers phase yet. I hope that someone wakes me when they come. As for this comment: "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." This is sad in my opinion. For Xmas I received a Syjet 1.5 and it's great. My friends have had more problems with Iomegas products than I can count and I'm glad I have a Syjet. As for IOMs stock, I wish I never owned it. It has dissapointed me beyond belief. Long term I guess. I'd like to see Syquest pull through this mess. They at least deserve it. IOM Steppford Wives forward flames to /dev/null.

To: JeffM who wrote (5157)	12/31/1997 1:35:00 PM
From: Michael Coley	Read Replies (1) \| Respond to of 7685

RE: Cash from Warrant Exercises? Jeff, >> 150 million shares outstanding minus the $180 million in cash that the warrant excersize would bring in. You could use that cash to buy back about 50 million shares << Good point, but be careful that you don't overestimate the amount. SyQuest is having a hard time getting the venture capitalists to exercise their warrants: Management may have to entice existing warrant holders to exercise their warrants by offering discounts to the contractual exercise price and/or issuing exchange warrants at market or negotiated discount exercise prices Also, you can expect a lot more bleeding before it's done. Whatever cash they are able to get from the warrants, expect it to be used to repay loans, finance product ramping, finance advertising, finance price wars, finance legal battles, etc. I think it's safe to say that you won't see any stock buybacks from SyQuest, much less the 50 million share buyback that you're proposing. - Michael Coley - i1.net

To: JeffM who wrote (5157)	12/31/1997 1:37:00 PM
From: Mike McCauley	Read Replies (3) \| Respond to of 7685

I have been looking at portable storage for backing up and cloning many workstations at work. After doing many comparisons, I was amazed how much more cost effective Syquest products are over Iomega. Particularly the SparQ verses the Jazz drives. When I like a product as much as this SparQ drive, I like to buy the stock. But after reading this thread I can see that there is much risk in Syquest. Questions: Does anyone know if SYQT is making a profit on the SparQ drive ($199) and disks ($99.95/3 pack)? The stores around Baltimore are selling them as fast as they get them. I know many people who recommend them over Iomega. Could this be a turning point for the company? Your comments are appreciated.