SyQuest Technology, Inc. Suspends Operations and Requests Securities Trading Halt.FREMONT, Calif.--(BUSINESS WIRE)--Nov. 2, 1998--SyQuest Technology, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :SYQT SYQT System Qualification Testing ) announced today that it has suspended operations and is considering alternatives including filing a Chapter 11 petition under the Bankruptcy Code Bankruptcy Code may refer to:
Under these circumstances, SyQuest has requested a halt in the trading of its securities. For further details on these and related matters, please consult the Company's Form 8K filed on October 27, 1998 and previous SEC filings. This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties, including competition in the marketplace for the company's products, and other risks detailed from time to time in the SEC reports filed by SyQuest including its most recent reports on Forms 8K, 10K, and 10Q. SyQuest is a registered trademark and the SyQuest logo is a trademark of SyQuest Technology SyQuest Technology, Inc., now known as SYQT, Inc., was an early entrant into the removable hard disk market for personal computers. The company was started in 1982 by Syed Iftikar who named it partially after himself in a derivation of "Sy's Quest". , Inc. All other brands or trade names are the property of their respective companies. |
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