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Non-Tech : Iomega Thread without Iomega -- Ignore unavailable to you. Want to Upgrade?

To: Michael Coley who wrote (9771)	5/12/1999 8:32:00 AM
From: Michael Coley	Read Replies (1) \| Respond to of 10072

From the 10-Q: Iomega Buying Certain SyQuest Malaysia Assets for about $3 Million. On January 13, 1999, the Company announced that it had entered into a definitive agreement to purchase certain assets of SyQuest Technology, Inc. ("SyQuest"), including all of its intellectual property and its inventory and fixed assets in the U.S., for $9.5 million in cash, subject to certain closing conditions and adjustments. The Company's purchase of SyQuest's U.S. assets closed on April 6, 1999. As part of the agreement, the Company released SyQuest and SyQuest released the Company from all claims in connection with patent and trademark infringement litigation pending between the parties in Delaware and in Paris, France. The Company has also entered into an agreement to purchase certain assets from SyQuest's subsidiary in Malaysia. These assets are being offered for sale separately by a Receiver and Manager appointed in Malaysia at an estimated purchase price of approximately $3.0 million. - Michael Coley - bible-reading.com