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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?

To: Frodo Baxter who wrote (5001)	11/19/1998 8:06:00 AM
From: tom pope	Respond to of 9256

>>SyQuest Technology Inc. (Nasdaq:SYQT - news), once the pioneer in removable storage devices, said that it filed for bankruptcy protection and had reached a tentative agreement to sell ''substantial assets.'' Syquest said the buyer, which was not immediately identified, would acquire its patents, other intellectual property, manufacturing and development equipment, finished goods, work in process and raw material inventory for disk drives and cartridges. SyQuest would retain all of its accounts receivable and ownership of its building in Penang, Malaysia<< You asked - >>What are the chances I can pick up a $99 Iomega Sparq drive in the not-too-distant future?<< Pretty damn good. Of course it would be real interesting if it was somebody else.

To: Frodo Baxter who wrote (5001)	11/19/1998 10:14:00 AM
From: Gottfried	Respond to of 9256

LK, I'm dying to find out who is buying Syquest assets. But if Iomega buys any, I hope they bury the name. <g> G.

To: Frodo Baxter who wrote (5001)	11/25/1998 6:36:00 PM
From: Mark Oliver	Read Replies (1) \| Respond to of 9256

Lawrence, are you still short APM? It would seem that this deal would give some renewed confidence in APM. What are your thoughts? Regards, Mark Applied Magnetics, DAS Devices to merge GOLETA, Calif., Nov 25 (Reuters) - Applied Magnetics Corp. and DAS Devices Inc., both makers of computer hard disk drive products, said Wednesday they have agreed for Applied Magnetics to acquire DAS for 13 million Applied Magnetics shares. Applied Magnetics has also entered into an agreement with certain institutional investors to raise $20 million simultaneously with the completion of the merger, through a private placement of common equity. ''The combination of these two companies creates a unique synergy that will combine DAS Devices' proprietary and patented state-of-the-art wafer technology with Applied Magnetics' high-volume manufacturing capability,'' said Craig Crisman, chief executive officer of Applied Magnetics.