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

To: William B. Hill who wrote (7013)	8/13/1998 2:05:00 AM
From: David W. Taylor	Respond to of 7685

>> I'm in with 5k @ 23/32 >> I hope you didn't spend Jimmy's college fund. This is a dead company and a worthless stock. Look, you can't short a stock at these penny levels and there are no options to trade. I am not short SYQT. There is a no value here. Run for the hills!!!!

To: William B. Hill who wrote (7013)	8/13/1998 5:32:00 PM
From: Don Wellington Jr.	Read Replies (4) \| Respond to of 7685

Mr. Hill, I too am new to this thread, actually to Silicon Investor. I found the adamant response from David Taylor, quite interesting. He has some other rather vehement negatives regarding SyQuest in previous messages. However,I,too,am looking at buying at current levels. Partly to offset the higher prices that I own other shares at, and partly because I believe this company will be acquired or be merged. I looked up David Taylor's profile, and obviously he is involved in the industry being an engineer. I also find the messages from the financial types analysing the per share total value of the company intriquing. I tend to look at things in a larger way. 1) I have associates that are directly involved in the removable storage business and are in daily work contact with Iomega, SyQuest, etc. 2) This company is a Silicon Valley veteran, having been around long before the mass market computer business was fashionable. 3) There is an intrinsic value to the Brand, the history, and what can be done in the future. The key to the longterm successes in Silicon Valley, are more the marketing expertise, after the technical expertise creates a product. Iomega was founded by individuals, who began it's success with a network of sales companies, whose expertise was marketing. Their prior experience was a company called Millenium Batteries. The principals found it and successfully marketed it against the largest market share leaders Ray O Vac, & EverReady, and finally sold out to EverReady. No great technology, just a commodity product. They, then did the same with Iomega. SyQuest failed to market and has now fallen back in the overall share competition.However, as easily as marketing failed, it can succeed. 4)I think the consultants who are advising SyQuest for future longterm direction will probably recommend that it would be less costly for SyQuest to find a partner, given a good re-structuring and marketing plan for the future, rather than go it alone. 5) This could be an Iomega, or it could be a computer company partner, who is not in the storage business currently, but has deep pockets and would recognize that Iomega, right now, is incredibly weak, and share could be taken back. The computer manufacturers might do it (Compaq, etc.) A drive manufacturer, (Western Digital, etc.) As to the vaue of the company, relative to the share price, versus all the shares outstanding. That is only part of the puzzle. I look at what is the value based on what these outstanding shares are owned at, by the largest owners, who would have to agree to merge, sell, or partner. That value may be much higher than what the current market indicates. My guess is still $3-$5 a share. That's my thoughts for today. It's definitely speculative, but that's the nature of this business. Good Luck