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

To: Dale Stempson who wrote (6562)	6/7/1998 9:53:00 AM
From: RAVEL	Respond to of 7685

With regards to financing in the future, if SYQT really has signed on a large OEM, I would think that they would want a steady supply for their customers. Because of this, SYQT has opened up yet another door for future financing. Back to my last post on SYQT selling drives at a loss, I mentioned that management did admit this, but said that next reporting quarter, they should be almost break even, and they expect to be selling both, cartridges and drives at a profit by the December quarter. If they can do this as well as sell 500,000 drives, they should be in good shape. I'm looking for up to 70 million in revenues next quarter and over 100 million for December ending. I'll post my quick and dirty model when I have time. By December, we should easily see a price/sales ratio less than 1. Suddenly SYQT doesn't look so expensive. I also think IOM slashing prices says bundles about how SYQT is affecting their business. I took last week to average down. My view is that the odds of SYQT going bust vs. performing a turnaround are diminishing. RAVEL

To: Dale Stempson who wrote (6562)	6/7/1998 10:06:00 AM
From: Cogito	Read Replies (1) \| Respond to of 7685

Re: Canadian Backup Service Dale - To me, the backup service offered by this company is screwy. If I am reading their web site right (which I'm not sure of, since it isn't clear) they send a person to your home or office with an Orb drive. You pay their cost for the number of disk cartridges required to back up your data. If you need to restore data, they will send a person back to your home or office the next day. And they do all this to spare you the expense of buying your own Orb drive? You save 200 bucks, American. So what does the service cost? I just looked it up on their web site. "Example - 2 Gigabyte Hard Drive to Backup One 2.16 Gig Disk @ $46.99 each - $ 46.99 Two Gigs Backup @ $ 20.00 each - $ 40.00 All Taxes Included Total - $ 86.99 for subsequent backups of disk - $ 15.00" How does this company actually plan to make money? I don't know. The fact that some Canadian has put up a web page describing what sounds like an economically infeasible business which will purportedly use Orb doesn't prove to me that Orb is "being used in the real world." Does this alleged business have any customers? Do they have any Orb drives or cartridges? Do they even exist? Meanwhile, I agree with you that it's odd that Castlewood's site still talks about ship dates in the first quarter AND other ship dates in May. - Allen