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


To: Greg Butcher who wrote (6654)6/11/1998 4:46:00 PM
From: Greg Butcher  Respond to of 7685
 
EVEN MORE GOOD NEWS..........

LAS VEGAS--(BUSINESS WIRE)--June 11, 1998--Stock Up! at www.stockup.com, a leader
in internet financial information, has announced that a special "Stock Spotlight" will be given to
Syquest Tech (nasdaq:SYQT) in addition to the many features and services currently available on
the award winning website.

The Stock Up "Stock Spotlight" will include a compilation and summaries of existing research
reports as well as other information gleaned from surveys and user inquiries. The "Stock Spotlight"
will be reserved for select companies with a tremendous demand for additional information by users
of the free service.

"We see a pressing need for more comprehensive information on companies like Syquest," stated
Michael Calderone, President of Marketing Direct Concepts, Stock Up's! parent company. "The
objective of our totally free service has always been to provide our registered users with the most
thorough and up to date information available."

Stock Up! at www.stockup.com currently offers the most unique and comprehensive financial
information on the net. Contained in the pages of the award winning site are Stock Up! exclusives
such as the vast Wall Street Pictorial, a visual history of the movers and shakers that comprise "The
Street," or our on-line glossary of financial terms, the largest on the internet.

From the newbie investor dabbling in the '90's bull market for the first time to seasoned
professionals looking for that morsel of information that gives them the edge, Stock Up's got it all.

Just take a quick click to www.stockup.com and see what the buzz is all about!

CONTACT: Marketing Direct Concepts, Las Vegas
Kurt Divich/Public Relations Director, 888/632-4653

stockup.com



To: Greg Butcher who wrote (6654)6/11/1998 4:46:00 PM
From: eeh  Read Replies (3) | Respond to of 7685
 
I have been long SYQT for several years now and have increase my position lately. The news the past couple of days is very encouraging if one is able to read it though the tears.

1. agreement with Compaq computer
2. Launches an online sales with PC Connection
3. On the same day:
a. Files an S-3 to add an additional (dilution) 45,000,000 share
b. the general market goes down 159 points

...and SYQT only loses .06 cents!

4. Is featured on a major internet stock site (www.stockup.com) as an up and coming stock to watch.

Give me a break.. This stock has tremendous up side potential. I shal increase my holding tomorrow with any kind of up side momentum.
Give me a break...this stock is bottoming out and finding a new PR opportunity, and using it well, IMO.



To: Greg Butcher who wrote (6654)6/11/1998 5:14:00 PM
From: FuzzFace  Read Replies (1) | Respond to of 7685
 
This is lifted straight from the S3. Capitalization it theirs.
No matter how you slice it, it is a major vote of no confidence in SYQT by its major shareholders.
What do they know that you should know?
I suggest every SYQT shareholder read the entire S3.

===========================================================================

PROSPECTUS

SYQUEST TECHNOLOGY, INC.
44,741,512 Shares
Common Stock
(Par Value $0.0001 Per Share)

All of the shares of Common Stock, par value $0.0001 per share ("Common
Stock") of SyQuest Technology, Inc., a Delaware corporation ("SyQuest" or the
"Company"), offered hereby are being offered for resale by certain stockholders
of the Company (the "Selling Stockholders") as described more fully herein. The
Company will not receive any of the proceeds from the sale of the Common Stock
by the Selling Stockholders. See "Use of Proceeds."

The Common Stock is quoted on the Nasdaq National Market under the symbol
"SYQT." The last reported sales price of the Company's Common Stock on the
Nasdaq National Market on June 5, 1998, was $1.484 per share.

The shares of Common Stock offered hereby by the Selling Stockholders
consist of (i) in accordance with Rule 416 of the Securities Act of 1933, as
amended (the "Securities Act"), a presently indeterminable number of shares of
Common Stock issuable on conversion or otherwise in respect of 30,617 shares of
the Company's 5% Cumulative Convertible Preferred Stock, Series 7, par value
$0.0001 (the "Series 7 Preferred Stock"), (ii) up to 221,880 shares of Common
Stock issued in exchange for debts owed to certain of the Company's creditors
and (iii) up to 13,572,541 shares of Common Stock issuable on exercise of
certain outstanding stock purchase warrants (the "Stock Purchase Warrants").
The number of shares of Common Stock estimated to be issuable and available for
resale on the conversion of the Series 7 Preferred Stock is based on a
conversion price of $1.484, which price is the closing sale price of the Common
Stock on June 5, 1998. The number of shares available for resale is subject to
adjustment and could be materially less or more than such estimate depending on
factors that cannot be predicted by SyQuest at this time, including, among
others, the future market price of the Common Stock. This presentation is not
intended, and should in no way be construed, as a prediction of the future
market price of the Common Stock. THE SECURITIES BEING OFFERED BY THIS
PROSPECTUS REPRESENT APPROXIMATELY 43.2% OF THE ISSUED AND OUTSTANDING COMMON
STOCK OF THE COMPANY. See "Risk Factors --Convertible Securities, Options and
Warrants; Dilution" and "Selling Stockholders."