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

To: taxikid who wrote (6333)	5/3/1998 6:19:00 PM
From: Dale Stempson	Read Replies (1) \| Respond to of 7685

Brief mention of SyQuest and Iomega in this Reuters article: "INTERVIEW-Global disk drive industry recovering" biz.yahoo.com >>> The company's major customers are disk drive manufacturers SyQuest Technology Inc (SYQT - news) and Iomega Corp (IOM - news), two major players in the global computer drive market with plants in Asia. The company can produce four million headstacks a year, but Merten said they were currently operating at 60 percent of their capacity due to a slowdown in demand. P.N. Rao, head of finance at Tandon Lanka, said revenue targets for 1998 had to be lowered following the industry slowdown, but added that the recovery was well in sight. 'The pickup will surely be in place by the middle of the year,'' he said. <<< Regards - Dale