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


To: Michael Coley who wrote (5172)1/2/1998 2:06:00 PM
From: Dale Stempson  Read Replies (1) | Respond to of 7685
 
Re: 10-K

It was interesting to read in the 10-K that Syquest believed that they had enough cash and credit available (after the recent warrant conversions) to get them through the end of fiscal '98.

With 1997 total revenues of $122,723 and $52,771 (43%) of that amount coming from their legacy 5.25" product line, 1997 total revenues from their newer 3.50" product line (SyJet, EZFlyer) were only about $70 million.

So, with their older products expected to decline, a portion of future SparQ revenues will likely be needed to make up the difference.

In addition, it appears the share facts are (as of December 10th):

71,721,583 = Shares outstanding

153,000,000 = Shares accounted for

The difference of 80,000,000+ outstanding warrants and options have an average exercise price of $2.755 per share.

Bottom line here, I agree with you that "complete success is already priced into this stock".

Regards - Dale



To: Michael Coley who wrote (5172)1/2/1998 8:09:00 PM
From: RagTimeBand  Respond to of 7685
 
****OFF TOPIC****
Michael
>>Although the shelves haven't been empty here in Arlington, TX, ...<<

This is offered to give you a break in the hum drum routine of finding things to tear SYQT apart; and then because of the goodness of in your heart, posting it here on this thread. Hope you enjoy it.

Regards - Emory

<< THINGS YOU WILL NEVER HEAR A SOUTHERNER SAY:

We don't keep firearms in this house.

You can't feed that to the dog.

I thought Graceland was tacky.

Wrasslin's fake.

Honey, did you mail that donation to Greenpeace?

We're vegetarians.

Do you think my hair is too big?

I'll have grapefruit instead of biscuits and gravy.

Honey, do these bonsai trees need watering?

Give me the small bag of pork rinds.

Deer heads detract from the decor.

Spitting is such a nasty habit.

I just couldn't find a thing at Wal-Mart today.

Cappuccino tastes better than espresso.

The tires on that truck are too big.

I'll have the arugula and radicchio salad.

I've got it all on a floppy disk.

She's too old to be wearing that bikini.

Does the salad bar have bean sprouts?

Hey, here's an episode of "Hee Haw" that we haven't seen.

I don't have a favorite college team.

I believe you cooked those green beans too long.

Those shorts ought to be a little longer, Darla.

Elvis who?

Checkmate!



To: Michael Coley who wrote (5172)1/5/1998 1:57:00 PM
From: Michael Coley  Respond to of 7685
 
RE: Revised Predictions for 12/97 Quarter.

After spending some time in computer stores, I get the impression that removable storage has really picked up in the last quarter. Although Iomega still has a commanding lead, I think SyQuest has benefited quite a bit from this as well.

For that reason, I'm revising my predictions upward on SyQuest to:

Revenues: $30 - $40 million
Earnings: Loss of $15 to $25 million
EPS: -0.20 to -0.30

- Michael Coley
- i1.net