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


To: Zebedee Wright, Jr. who wrote (6570)6/8/1998 1:07:00 PM
From: Rocky Reid  Respond to of 7685
 
>>Is the rebate in cash or SYQT stock? If it's cash, where will it come from? If SYQT files Chp 11, as a rebate holder, are you at the bottom of the creditors list? Will they have to float more shares to get the cash for the rebates?<<

These questions and more will be answered by the thousands of Syquest Syjet/SparQ buyers who respond to these rebates. And each sale of a new Syjet or SparQ represents a Iomega Jaz or Zip Plus that didn't sell.

And THAT is the ugly reality.



To: Zebedee Wright, Jr. who wrote (6570)6/8/1998 2:54:00 PM
From: Michael Coley  Read Replies (1) | Respond to of 7685
 
RE: SyQuest Rebate

The rebate form (available in PDF form from SyQuest's web site) states that it can take up to 10 weeks to get the rebate. That's almost a whole quarter before they have to come up with the cash.

- Michael Coley
- wwol.com