SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : SYQUEST -- Ignore unavailable to you. Want to Upgrade?


To: Kenneth Stuebe who wrote (5714)3/1/1998 10:52:00 AM
From: MoonBrother  Read Replies (2) | Respond to of 7685
 
According to following information
---------------
ViWes InvestInfo: Short Interest on NASDAQ Stocks

Item Ticker Month Shares Short Avg Daily Volume S/A* Remark
1 SYQT 02/98 11,031,723 2,340,063 4.71
01/98 11,330,246 1,146,879 9.88
12/97 11,274,831 1,933,307 5.83
11/97 9,743,140 2,745,638 3.55
* S/A = Shares Short / Avg Daily Volume; it may be used as a rough measure of days to cover.
viwes.com
---------------

SYQT has about 11mil shares of shorts outstanding rightnow. Someone said that these shorts were probably established when SYQT was traded above $5. Well, read the "* S/A" note. It cleared showed that the average days a short position is covered was about 4.71 days (half of Jan.), which means almost all shorts in Feb were established in late Feb. The price of those shorts? probably between $2.3 - $2.75, that is to say most of them are now under the water! More, what about SYQT goes to $3.5? They are gonna lose 50% of their money! WOW, if I'm one of them, I'd be peeing on my pants!

Looks like these shorts ARE scared to death rightnow. If 1/3 of these poor guys rush to cover when SYQT reaches $3 - $4, we probably will have an exploding situation. SYAT could very well be shooting pass $4 in the matter of hours! Anyone recall BREX (?) which shot up from $2 to $14 within 6 hours?

Good luck shorts 'cuz you need it!!!

MB

Show up to months charts for
(NOTE: charts for Java-enabled browser only; use spaces to separate up to six entries)

Top queries on this site: 1, 2, 3, 4, 5, 6 or 7 days ago; last 2, 3, 4, 5, 6 or 7 days.

c 1997-98, ViWes Web Services. Please send comments and bug reports to invest@viwes.com



To: Kenneth Stuebe who wrote (5714)3/1/1998 12:46:00 PM
From: marcello  Respond to of 7685
 
hey man i agree management has always been syquests problem never their products now they have great management who do not promise that tomorrow they will be $10 they go slowly so any body out there we will reach the light but it will respond



To: Kenneth Stuebe who wrote (5714)3/1/1998 1:56:00 PM
From: Dale Stempson  Read Replies (1) | Respond to of 7685
 
Kenneth, While there have been a few concerns regarding SparQ's quality, the reviews have almost all been very positive and the bearish opinion of the stock has had more to do with Syquest's financial situation, negative margins, stock dilution and current valuation, rather than any inability to compete in the marketplace. The product is still new with only a relatively small quantity having shipped, and time will tell if there's any reason to be concerned about quality. Once again, SparQ offers the best cost per MB of any competing removable out there today.

IMO, the SparQ has a few major hurdles out there that will be difficult to overcome if it is expected to turn the company into the $3 billion dollar company it will need to become next year in order to make current '99 estimates of $1.85.

a) The Zip's popularity with over 12 million sold means that compatibility is a major issue that will prevent many potential SparQ customers from buying. Zip units sold are continuing to increase and the problem only becomes more significant as time goes on. b) If and when Castlewood's Orb is released, SparQ will no longer have an advantage in the marketplace. c) Syquest will have difficulty increasing production because of their financial situation. They sorely need high demand and a fast ramp-up in order to turn a positive margin to generate income etc, etc.

I expect there's plenty of room for SparQ to be successful in the growing removable market even if it never becomes as popular as the Zip. However, I don't think that the price of SYQT stock will ever amount to much unless the SparQ becomes a smash hit winner.

Good luck and Regards - Dale



To: Kenneth Stuebe who wrote (5714)3/1/1998 9:44:00 PM
From: jach  Respond to of 7685
 
That's what the Fortune article said -

"The Best Way to Store Data
----------------------------
Syquest has a new external storage drive
that's every bit as good as Iomega's Zip
drive, and a lot cheaper.

Michael J. Himowitz"