SyQuest Technology Inc, Fremont has been a picture of misery for ages and warns that it expects to report a significantly higher loss on significantly reduced revenues for its second quarter to March 30, compared to the previous quarter, when it lost 86 cents a share on sales of $48.3m. Its means are so straitened […]
SyQuest Technology Inc, Fremont has been a picture of misery for ages and warns that it expects to report a significantly higher loss on significantly reduced revenues for its second quarter to March 30, compared to the previous quarter, when it lost 86 cents a share on sales of $48.3m. Its means are so straitened that four major suppliers have agreed to convert $14m of debt into SyQuest common rather than see it run out of cash.
