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

To: Gutterball who wrote (5260)	1/23/1998 12:06:00 PM
From: Michael Coley	Respond to of 7685

RE: You're Not Kidding! >> Only one analyst appears to be following Syquest, thus there is not a lot of professional guidance here. The EPS for Q1 ending 12/97 is $-1.01 . The EPS for Q2 ending 3/98 is $1.85* . <<* With 160 million shares, they'll need to have a net income of $300 million to hit $1.85 EPS. That's about ten times IOM's earnings in their most recent quarter, and IOM has about ten times the revenues of SYQT. Where do they come up with these analysts? - Michael Coley - wwol.com

To: Gutterball who wrote (5260)	1/23/1998 12:35:00 PM
From: HVN	Read Replies (1) \| Respond to of 7685

Dan, given your technical profile, I'm rather surprised you were SO careless with your data and subsequent analysis of SYQT's financial expectations. According to reports, there are 3, and NOT 1, analysts following SYQT. The -$1.01 EPS expectation is for the entire year and NOT for 1Q98. And the $1.85 EPS is for next near, and NOT for 3Q98. If SYQT reports selling 50K units in 1Q, and they wholesale for about $150 each, they'll do about $7.5 million on hard drives. I'm guessing they're not going to make much margin on this - they must be selling it at cost hoping to make it on the disks. I guess the rest flows from here.