SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Iomega Thread without Iomega -- Ignore unavailable to you. Want to Upgrade?


To: Jock Hutchinson who wrote (3206)11/4/1998 7:58:00 PM
From: Troy Shaw  Read Replies (2) | Respond to of 10072
 
Here's a quote from somebody who really does their homework....

-----

Nasdaq said late Tuesday it changed the trading halt status of SYQUEST TECHNOLOGY to "additional information requested." Syquest stock was halted Nov 2 for news pending with a last sale price of 11/32. The market said trading will remain halted until Syquest has fully satisfied its request for additional information. Syquest announced on Nov 2 that it would cut its workforce by half, about 1,000 jobs, and that it may file for bankrupty, following earnings losses and diminishing lines of credit. (Reuters 06:01 PM
ET 11/03/98)

--------------

Let's see, "suspended operations" and "cut its workforce by half" Same thing. Close enough. Trivial details. Right?

I don't think so.