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

To: Rock who wrote (7600)	1/8/1999 4:38:00 AM
From: Jonathan S. Feingold	Read Replies (1) \| Respond to of 7685

I bought 25,000 shares of Syquest when it was between .125 and .225 a share. I figured that the stock was at its lowest and why not take a shot. In one week when the stock climbed from .125 to .62 a share I made over 10,000 on paper. The day it went to .62 a share I read about the line of credit being cut, and some company giving a very bad recommendation of Syquest. I said to myself should I sell Syquest at .62 a share and make a quick 10,000 profit, or hold onto it. I held onto all of the shares of Syquest because I dreamed that if Syquest ever went back to the single digits or higher range I was looking at a possible six figure profit. How do you think I feel? Anyway buy Bowne & Co. (BNE). It is around 16.4 now and will definitely go up to 25 by the end of June. Jonathan

To: Rock who wrote (7600)	1/8/1999 8:59:00 AM
From: Michael Coley	Read Replies (1) \| Respond to of 7685

RE: No Comparison Between SYQT and BOST. >> I'm grasping for straws too, but the Boston Market Chapter 11 is not a fair comparison. << I almost posted a similar message when I read that, but didn't have time. The only similarity between SYQT and BOST was that they both filed Chapter 11. The similarities stop there. If SYQT emerges from Chapter 11 and tries to pick up where they left off (selling below cost, diluting shares, etc), the next step will be Chapter 7. They just don't have a workable business plan. The only way they can return value to shareholders in my opinion, is as a shell company. They'll sell off their assets and intellectual property, and then what's left? A company with minimal revenues and minimal expenses. What's that worth? By itself, almost nothing. But with the tax loss reserves that SyQuest has built up, they could be worth a lot to a profitable company. (Probably well under $1 per share to stockholders, but more than "worthless".) That's my take. - Michael Coley - wwol.com