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Non-Tech : Iomega Thread without Iomega -- Ignore unavailable to you. Want to Upgrade?


To: Reseller who wrote (1443)9/7/1998 6:05:00 PM
From: Gottfried  Read Replies (1) | Respond to of 10072
 
Herb, the only mention of Syquest by Herb on Street.com is in the Yahoo chat transcript..

Chimp007 asks: Any comments on SyQuest Technologies?
HerbonTSC: Interesting, that Syquest's stock has a 300 mil mkt cap and
iom's has $1 bil, yet syquest just got a 3 year contract with compaq.
don't think iom's contract is THAT good.


Full transcript:
archive.thestreet.com

Another street.com article said on 4/16/98...
"The company is hurting from a combination of a shortfall in sales and an increase in incremental ad spending," says Glenn Hanus, an analyst with Needham who lowered his rating to a hold in December. Some of the sales shortfall has more to do with an increase in sales for its main competitor, Syquest Technology (SYQT:Nasdaq), says Hanus, than anything else. "I've been hearing from stores that the sales momentum for Syquest's SparQ and SyJet drives has been favorable." (Hanus hasn't participated in any of Iomega's public offerings.)

archive.thestreet.com

GM