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


To: Stephen Leung who wrote (5616)2/19/1998 10:20:00 AM
From: Edward F. deSousa  Respond to of 7685
 
Stephen,

I hope you are not making investment decisions based on lawyers claims for a class action suit of a competitor. THAT is the worst indicator of the strength and strategy and even long term strength of a company. It should be clear to ANY investor that most of these suits are specious and are only meant to line the law firms bank account with money.

Remember, Syquests revenues for the last quarter were $32M.
It bears repeating... $32M and LOST more money than before. Be more aware of the condition of Syquest than any legal woes of Iomega which grossed $545M last quarter.



To: Stephen Leung who wrote (5616)2/19/1998 7:29:00 PM
From: Pilot  Read Replies (1) | Respond to of 7685
 
FROM "PC WORLD MAGAZINE - MARCH 98"; article "A Gig in Your Pocket".

Article on storage to go. Comments concerning removable disk drives.

"Two best buys: SyQuest's SyJet 1.5GB and Iomega's Zip.

"The $299 Syjet is one of the most expensive of the bunch, but it's fast, its media costs less per megabyte than any other product reviewed."

"The Iomega Jaz drives impressed us with their sturdy builds and high 1GB capacities, but they were no competition for the SyQuest SyJet units."

"...if you need hard drive speed and huge capacity, the Syjet is best."

"SyQuest's manuals are more comprehensive than Iomega's,.."

"Top SyJets Run as Fast as Your Hard Drive"

and overall

"After years of stagnation, the market for removable-disk drives is booming, with no letup on the horizon."

SYQT should not be counted down and out. The article is worth a read.



To: Stephen Leung who wrote (5616)2/19/1998 9:30:00 PM
From: Cogito  Read Replies (2) | Respond to of 7685
 
>>Sparq must be doing well according to latest Iomega Lawsuit

The latest Iomega lawsuit indicates the company may have given false info about Jazz 2 to counter sales growth of Syquest's sparq product. I guess cost conscious consumers are looking at Sparq as a very attractive alternative to the Jazz. I guess that's why Syquest is putting more eggs into Sparq.<<

Stephen -

That's a good one. Investors suing a company for announcing an earlier release date in order to stave off competition. Microsoft has been doing that for years.

And of course, they have no way of proving the allegation anyway. Besides, I thought Jaz2 was supposed to compete with Quest, not SparQ.

Speaking of Quest, shouldn't SyQuest investors sue because Quest has not been shipped yet, despite the company's announcements that it would be in stores by the end of '97? And since SyQuest is now saying that they will only ramp up Quest production if OEMs demand it, isn't that worse than what Iomega did with Jaz2?

My answer is that of course SyQuest should not be sued. The fact is that this is a very fast-changing market, and one cannot assume that Iomega or SyQuest management knew they wouldn't meet their original shipping dates when they announced them.

But if you believe Iomega deserves to be sued for this, it is inconsistent to believe SyQuest shouldn't be.

- Allen