Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: BeachBum who wrote (3283)	11/5/1998 11:37:00 AM
From: KM	Read Replies (3) \| Respond to of 10072

I would think the optimal way for IOM to buy Syquest if they wanted to would be to purchase selected assets, like intellectual property, manufacturing equipment/facilities, etc. from the bankruptcy estate, assuming that Syquest files, as opposed to buying the entire company (even at a discount) and assuming its many liabilities.

To: BeachBum who wrote (3283)	11/5/1998 12:07:00 PM
From: Gutterball	Read Replies (3) \| Respond to of 10072

Don't forget, Iomega has filed a suit against Syquest in France, so there is some common ground (ie, IP) between the two. Once Syquest takes chapter 11, Iomega can buy Syquest just by assuming its debt -- flush all those common stock holders and all that. It can't get any cheaper. Syquest management could keep their jobs near term, etc. sounds like a great play to me. You guys are worried about IOM going up. Have you considered the fact that SYQT has not traded for 3 days. NASDAQ wants additional information. I bet Syquest is talking to someone with common ground. If Iomega lets Syquest fall into someone else's hands, IOM price will fall back into the cellar. If I were you guys, I'd keep an eye on developments in Syquest, for its fate will determine whether IOM continues to climb. The last thing Iomega needs is another $100 million ad campaign on Zip drives to fight off a new Syquest backed by a partner with deep pockets.