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

To: Don Wellington Jr. who wrote (7016)	8/13/1998 5:58:00 PM
From: David W. Taylor	Read Replies (2) \| Respond to of 7685

Yes, I'm a software engineer and familiar with the market that Syquest is in. Their products have always been the cheap alternative. Recently they have been selling for below cost. Reminds me of Joseph Heller's book Catch 22, where Milo MinderBinder buys eggs on the Italian mainland and sells them at a loss on Pianosa. He makes up the difference through volume. Bottom line, a company can sell a single product at a loss, if that loss is covered by profits and more from the remaining products. The SparQ is shoddily made and still being sold at a loss. Since it is, in effect, their only product and they are paying for an advertising campaign, these folks took a leaf out of Heller's book and let all of their US employees go! Who needs employees costing you money, when the executive management team can lose money this quickly and efficiently. Toast.

To: Don Wellington Jr. who wrote (7016)	8/13/1998 9:33:00 PM
From: William B. Hill	Read Replies (1) \| Respond to of 7685

Don, excellent post! When I first came on to the Syquest thread I didn't expect anyone to be in high spirits or very optimistc con- sidering recent news so it's good to hear an optimstic but speculative point of view for SYQT's future. One does have to look at the BIG picture and consider how Companies like Syquest and Iomega came to be successful at one time. There are setbacks, stumbling blocks and other unexpected surprises that can come their way at any given time. With a stock price of 5/8 I feel comfortable to enter with my own optimistic view that things will turn around and a merger could be in the works. Have a good nite, Brettster

To: Don Wellington Jr. who wrote (7016)	8/14/1998 1:26:00 AM
From: Dale Stempson	Read Replies (1) \| Respond to of 7685

Don, I enjoyed reading your comments and observations and must admit that I agree with most of them with one glaring exception: >>> That value may be much higher than what the current market indicates. My guess is still $3-$5 a share. <<< What do you believe SyQuest is worth in total dollars in a buyout? (and how would you come up with that number?) Regards - Dale

To: Don Wellington Jr. who wrote (7016)	8/14/1998 8:26:00 AM
From: Cogito	Read Replies (2) \| Respond to of 7685

Don - Welcome to SI. I enjoyed reading your post. There are a couple of points I would question, though. First, you seem to imply that Iomega was founded by Kim Edwards. In fact, Iomega has existed since the mid-eighties. Their first successful product was the Bernoulli drive, and interestingly enough, they had a hand in the development of what has become the LS-120. Kim Edwards was brought in as CEO in early '95, I believe. Second, although many people have suggested the possibility, I can't see what Iomega would have to gain by buying SyQuest. I do agree, however, that it's probably more likely that SyQuest will be bought out than that they will go out of business. But we'll see. - Allen