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

To: Dale Stempson who wrote (6890)	7/20/1998 9:13:00 AM
From: JustMy2Cents	Respond to of 7685

( BW)(SYQUEST-TECHNOLOGY)(SYQT) SyQuest Technology Retains CIBC Oppenheimer as Investment Banker; CIBC Oppenheimer Will Assist With Financing and Transactions Business Editors/Technology Writers FREMONT, Calif.--(BUSINESS WIRE)--July 20, 1998--SyQuest Technology Inc. (NASDAQ:SYQT), the world leader in removable cartridge hard drive technology, said today that the company has retained CIBC Oppenheimer as its investment banker to assist with SyQuest's ongoing review of strategic and financial alternatives. "CIBC Oppenheimer will be instrumental in restructuring our capital accounts and raising incremental funds as the need arises," said Ed Marinaro, chairman of SyQuest. "With its considerable experience in assisting technology companies to meet their financing requirements, CIBC Oppenheimer is highly qualified to assist us with public or private offerings, either debt or equity." "In addition," continued Marinaro, "the firm will function in an advisory capacity as we negotiate transactions with other companies. These transactions might include strategic partnerships for manufacturing, joint ventures or acquisitions." About SyQuest Technology Based in Fremont, Calif., SyQuest Technology Inc. is the leader in removable cartridge hard drive storage technology. The company offers the best performing and most affordable high capacity removable hard drives and cartridges in the marketplace. SyQuest products are ideal storage solutions for SOHO/professionals, families, students, Internet users and more. SyQuest (SYQT) is publicly traded on Nasdaq's National Market System. The company's web site is syquest.com. About CIBC Oppenheimer CIBC Oppenheimer combines the resources of a full-service global financial institution with the industry knowledge and level of service traditionally associated with highly focused specialty firms. As part of CIBC World Markets, CIBC Oppenheimer draws on the knowledge and power of over 9000 employees located around the world to provide integrated financial solutions tailored to meet the needs of growth-minded companies. This news release contains forward-looking statements that involve risks and uncertainties, including competition in the marketplace for the company's products, and other risks detailed from time to time in the SEC reports filed by SyQuest including its most recent reports on Forms 8K, 10K and 10Q. Note to Editors: SyQuest is a registered trademark and the SyQuest logo is a trademark of SyQuest Technology Inc. All other brands or trade names are the property of their respective companies. CONTACT: Miller/Shandwick Technologies Michael Celiceo, 650/596-5820 mceliceo@miller.shandwick.com