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

To: Mike Milde who wrote (6582)	6/9/1998 12:39:00 PM
From: MoneyMade	Read Replies (1) \| Respond to of 7685

Technology changes...That's true,but isn't that Compaq's problem We now have a 3 yr. agreement! A MAJOR victory for SYQUEST So what's next...A buyout by IOM LOL! Actually this was a brilliant move for Compaq (IMO)it now gives them something to sell and at the same time keeps the general public away from set top boxes MoneyMade

To: Mike Milde who wrote (6582)	6/9/1998 2:07:00 PM
From: RAVEL	Read Replies (1) \| Respond to of 7685

Earlier post...Last visit I mentioned my friend was going to Ssee SYQT at the Salomon Smith Barney conference. Haven't really had much of a chat about it but I should have something by Sunday night. A few things he did say: -Gross margin(GM) should be around break even this quarter -cartridges are being sold at positive GM -drives being sold currently at negative GM -drives to be sold at + GM by September -they expect break even EPS by the end of the year (hopefully Sept) -They are hoping to announce OEM agreements for either the SparQ or the Quest "very soon" -yields are increasing -very impressive management team - mostly from Western Digital in the days of their turnaround -did good job of calming fears of threat from ls120 and Sony/Fuji venture. They stressed that the backward compatible drives are "Much much slower" than the SparQ -with the large rampup in sales of the Sparq, they are expecting volume discounts from their suppliers, in turn cutting drive and media costs. -stable supply of adaptive heads due to pricing and volume agreement with TDK/SAE...unlike Iomega. The importance of this is that the drive industry is moving to MR technology (now over 50% of drives) and adaptive heads are harder to get in volume and at stable prices. -As for Syed Iftikar and Castlewood, don't believe the hype. No one has even seen a product yet. Based on what Castlewood says, shouldn't they be on the market now?? -Lastly, SyQuest should have the financing for a couple more quarters...he followed on that "these guys are well connected with venture capitalists" -Obviously SYQT stock price is getting close to $0, however, I personally have a feeling they're going to pull it off. I'm hoping for $5-7.00 in 6 months RAVEL