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

To: Dale Stempson who wrote (7504)	11/17/1998 8:04:00 PM
From: Moe B. Loney	Read Replies (2) \| Respond to of 7685

Well, it doesn't look good for SYQT stockholders what ever the outcome is. The only thing left will be little more than a small tech support company that has no new revenues and no product rights along with a massive amount of stock. Not good. Key points: 1. Buyer would acquire SyQuest's patents and other intellectual property, manufacturing and development equipment, finished goods, work in process and raw material inventory for disk drives and cartridges. 2. SyQuest would retain all of its accounts receivable and ownership of its building in Penang, Malaysia. 3. SyQuest would allocate a portion of the asset purchase price to provide warranty service for products already sold to the channels or to end users. 4. The asset sale will ultimately be subject to authorization by the United States Bankruptcy Court, and possibly, the approval of a Malaysia court. As I said in a previous message, Syquest will be selling assets not the company. Not much hope of SYQT remaining in the drive business. They will lose patent rights in the transaction. Moe