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

To: John T. Hardee who wrote (6888)	7/20/1998 5:42:00 AM
From: Dale Stempson	Read Replies (1) \| Respond to of 7685

Press: Caleb's UHD144 removable Caleb Moves to New Headquarters in Anticipation of Production Start for UHD144 High Capacity Floppy Drive biz.yahoo.com It looks like Caleb might finally begin shipping their UHD144. There should be almost zero impact on SyQuest, but I guess we'll have to keep an eye out to see if they'll come out with anything else. Regards - Dale

To: John T. Hardee who wrote (6888)	7/20/1998 12:35:00 PM
From: JustMy2Cents	Read Replies (1) \| Respond to of 7685

SyQuest Hires CIBC Oppenheimer to Explore Financing, Options Fremont, California, July 20 (Bloomberg) -- SyQuest Technology Inc., one of the largest makers of removable computer storage disks, said it hired CIBC Oppenheimer to help the struggling company explore acquisitions and financing. SyQuest, whose shares have plunged to little more than a dollar from 18 1/2 in January 1995, has been hurt by slowing sales and weakening demand for personal computers. Rival Iomega Corp. last month cut prices as much as 26 percent on its newest Jaz disk drives in a bid to revive sales. Investment-banking firm CIBC Oppenheimer will assist Fremont, California-based SyQuest with its ''ongoing review of strategic and financial alternatives,'' SyQuest said. The firm also will help SyQuest with any ''public or private offerings, either debt or equity.'' SyQuest has posted losses totaling more than $200 million since 1995. SyQuest fell 1/32 to 1 3/8 in midday trading. --Duncan Martell in the San Francisco newsroom (415) 912-2993 /jac.