This stock looks unique. I checked the product sales at Computer City and Best Buy in Deerfield, IL. The shelves were empty for some of the product lines and attendants at both stores gave me the same impression. The sales are fantastic, the product is better than Iomega and they cannot keep the shelves stocked.
I have heard good advertising on the radio as well. I did some checking on the web and found two interesting stories. First, on silicon investor (http://www.individualinvestor.com). This article is from 10/97 and reviews recent changes in management at Syquest - the changes looked good to me - check it out.
The second bit of information comes from Stock Market Pro (http://www.stocksmartpro.com/index.html). You can join for a free 10 day test drive. If you poke around enough you will find a summary of institutional and mutual fund investors. Some data is pasted below. The accumulation by professionals looks great. The names are better yet - Soros fund manangement, LLC! Check the site out and see for yourself.
Finally, it looks like the stock is settling out today. Instead of a downtrend ending with a quick up-tick. The stock is going sideways all day. Could it be the bottom? I hope.
Good luck to all!
Rick
SYQUEST TECHNOLOGY INC.(NASDAQ:SYQT)
27 Institutions hold 38.47% of the outstanding shares as of September
30,1997.
Of these, 12 established new positions while 2 liquidated their
holdings.
Overall, Institutions increased their holdings by 188.81% for the
period.
Top Ten Institutional Shareholders
(* denotes new position)RankInstitutionShares HeldPreviousNet Chng.%
Chng.% OwnedLast Report1Rocker Partners* 887,5000+887,500--7.7%09/30/972
West Highland Capital, Inc.* 835,0000+835,000--7.2%09/30/973Bear,
Stearns Asset Management Inc.684,050557,950+126,100+22.6%5.9%09/30/974
Dimensional Fund Advisors, Inc.639,600453,100+186,500+41.2%5.5%09/30/975
Barclays Global Investors, N.A.319,081258,281+60,800+23.5%2.8%09/30/976
Spear, Leeds & Kellogg* 276,5200+276,520--2.4%09/30/977Morgan Stanley
Asset Management Inc.172,90010,000+162,900+1,629.0%1.5%09/30/978Soros
Fund Management, LLC* 150,0000+150,000--1.3%09/30/979Mellon Bank, N.A.
91,00091,000----0.8%09/30/9710P.A.W. Capital Partners* 63,0000+63,000--
0.6%09/30/97Top Ten Totals:4,118,6511,370,331+2,748,320+200.6%35.7%
SYQUEST TECHNOLOGY INC.(NASDAQ:SYQT)
Top Ten Mutual Funds Shareholders
(* denotes new position)RankFund NameShares HeldPreviousNet Chng.% Chng.
% OwnedLast Report1DFA Invt Dimensions (US 9-10 Small Co)83,60083,600--
--0.7%05/31/972DFA Invt Dimensions (US Small Cap Value)75,90075,900----
0.7%05/31/973Kent Small Company Growth Fund* 49,4000+49,400--0.4%
06/30/974Morgan Stanley Instl Fund (Technology)31,90010,000+21,900
+219.0%0.3%09/30/975Morgan Stanley Instl Fund (Emerging Growth)* 25,9000
+25,900--0.2%09/30/976Northern Small Cap Growth Fund8,7008,700----0.1%
09/30/977DFA Invt Dimensions (US 6-10 Small Co)7,9005,000+2,900+58.0%
0.1%05/31/978DFA Small Value900900----0.0%11/30/96Top Ten Totals:284,200
184,100+100,100+54.4%2.5% |
