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

To: Mike Milde who wrote (6725)	6/19/1998 7:13:00 PM
From: Troy Shaw	Read Replies (1) \| Respond to of 7685

All, If you're thinking Syquest may climb out of the 2s any time soon, read their latest S-3 filling from June 11, 98 and think again. Go to www1.freeedgar.com and enter SYQT in the ticker symbol edit box, then press search. Here are a few points: Registering for sale approximately 44,741,512 shares from conversion from preferred stock to common stock. (Syquest doesn't get any more money for it.) <<THE SECURITIES BEING OFFERED BY THIS PROSPECTUS REPRESENT APPROXIMATELY 43.2% OF THE ISSUED AND OUTSTANDING COMMON STOCK OF THE COMPANY. >> [emphasis is unchanged from the S-3 filing] <<The exact number of shares of Common Stock issuable on conversion of the Series 3, 4, 5 and 7 Preferred Stock, the only series of preferred stock that have not been fully converted, cannot be estimated with certainty because, generally, such issuances of Common Stock will vary inversely with the market price of the Common Stock at the time of such conversion, and there is no maximum limit on the number of shares of Common Stock that may be issuable.>> <<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. >> (Series 7 conversion at greater of either average of 5 days preceding conversion or 90% of day preceding conversion, not to exceed $3.00.) So, with approx. 44M new shares about to hit the market (43.2% OF THE ISSUED AND OUTSTANDING COMMON STOCK), any slight rise in price and/or volume will be met with serious selling pressure -- obviously IMO.

To: Mike Milde who wrote (6725)	6/21/1998 12:56:00 AM
From: Tadsamillionaire	Read Replies (1) \| Respond to of 7685

Why would anyone selling any product care about market share. If you control the market with a winning product and slowly increase prices,you will then be profitable and continue to increase profitability. The key in any market is control first then profit. Look at the retail giants, Cicuit city, and how they pulled market share away from Silo (Now Bankrupt) and how Best Buy has done the same in similar markets. Another great example is the Beta , VHS tape wars. He who controls the market wins regardless of the quality of the product. Sony, Sanyo, lost a lot of ground to JVC, Panasonic, not because of a poor product, (Beta is Better) but because they could not control the market. Panasonic licensed everyone and won. SYQT now has the product and the benefit of being ahead of the competition. If they take away market share for a much needed product they could stay on top for years to come and become quite profitable. IOM now need's to catch up ..... Just my opinion...