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Syquest Technology Inc

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BUSINESS
November 18, 1998 | Reuters
SyQuest Technology Inc., a pioneer in removable storage devices, said it filed for bankruptcy protection and has reached a tentative agreement to sell "substantial assets." Fremont-based Syquest said in a statement that 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.
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BUSINESS
November 18, 1998 | Reuters
SyQuest Technology Inc., a pioneer in removable storage devices, said it filed for bankruptcy protection and has reached a tentative agreement to sell "substantial assets." Fremont-based Syquest said in a statement that 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.
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BUSINESS
February 13, 1998 | Bloomberg News
SyQuest Technology Inc. shares fell 23% after the maker of computer hard drives reported a fiscal first-quarter loss, which the company attributed to pricing pressures and production delays. SyQuest shares fell 75 cents to close at $2.56 in Nasdaq trading. The Fremont-based maker of removable hard drives reported a loss of $39 million, or 57 cents a diluted share, for the three months ended Dec. 31, compared with a loss of $12.7 million, or 86 cents, in the year-earlier quarter.
BUSINESS
February 13, 1998 | Bloomberg News
SyQuest Technology Inc. shares fell 23% after the maker of computer hard drives reported a fiscal first-quarter loss, which the company attributed to pricing pressures and production delays. SyQuest shares fell 75 cents to close at $2.56 in Nasdaq trading. The Fremont-based maker of removable hard drives reported a loss of $39 million, or 57 cents a diluted share, for the three months ended Dec. 31, compared with a loss of $12.7 million, or 86 cents, in the year-earlier quarter.
BUSINESS
November 26, 1996 | Times Staff and Wire Reports
Fremont-based SyQuest Technology Inc. said it ended its plans to acquire Nomai, a French manufacturer of removable hard drives and cartridges. . . . Allstate Insurance Co. said it plans to file with the state Insurance Department for a 7% average statewide reduction in auto insurance rates.
BUSINESS
November 3, 1998 | Reuters
SyQuest Technology Inc., once the pioneer in removable storage devices for personal computers, said it would shutter its doors and may file for bankruptcy. The announcement caps months of struggle for the 16-year-old company that was once the vanguard in its industry, which never took off as SyQuest and its principal competitor, Roy, Utah-based Iomega Corp., expected it would. Its loss for the third quarter, including a charge, was $42.
BUSINESS
November 6, 1998 | Bloomberg News
Iomega Corp.'s long-depressed stock has jumped 69% since new Chief Executive Jodie Glore bought 15,000 shares a week ago, as investors bet that the disk drive maker will benefit as its main rival faces serious struggles. Glore, hired Oct. 22, bought the shares a week later at $5.31 each, for a total of $79,650, according to Washington Service, which tracks insider trading. Shares in Roy, Utah-based Iomega rose $1 to close at $9 on Thursday on the New York Stock Exchange.
BUSINESS
December 27, 2000 | JIM FINKLE, BLOOMBERG NEWS
Network Associates Inc. shares lost nearly half their value Tuesday after the maker of computer security software said that fourth-quarter results will fall short of forecasts and that it will replace its top executives. The firm said it expects to report a fourth-quarter loss because sales are likely to total between $55 million and $65 million--about a quarter of what it reported in the quarter ended in September.
BUSINESS
March 26, 1998 | From Bloomberg News
Iomega Corp. said Wednesday that Chief Executive and President Kim Edwards has resigned, raising another hurdle for the struggling maker of high-capacity computer disk drives. Edwards' departure came less than two weeks after the once-high-flying company said it expected a loss of $10 million to $25 million in the first quarter because of weak sales and high marketing costs.
BUSINESS
May 6, 1997
Companies ranked by net losses in 1996, including one-time charges that may not indicate routinely losing operations. *--* Rank Company 96 income (millions) 1 Apple Computer Inc. -$835 2 AST Research Inc. -418 3 Amdahl Corp. -327 4 Merisel Inc. -219 5 Calgene Inc. -145 6 Sizzler International -136 7 National Semiconductor -126 8 Advanced Micro Devices -115 9 SyQuest Technology Inc. -110 10 Argonaut Group Inc. -106 11 Trikon Technologies Inc. -94 12 Bay Networks Inc. -83 13 Cirrus Logic Inc.
BUSINESS
April 26, 1994
Companies whose fiscal year does not coincide with the calendar year, or whose fiscal year-end 1993 data was not available. In all tables in which these companies are listed, data was derived from four quarters ending in the month shown and is compared to the 12-month period of the prior year. Fiscal Data based on Company year-end 12 mos. ending 3Com Corp. May Nov.,'93 ABM Industries Oct. Jan.,'94 ADAC Laboratories Sept. Dec.,'93 Adaptec Inc. Mar. Dec.,'93 Adobe Systems Inc. Nov. Nov.
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