SyQuest Technology Announces Continued Sales Operations; Announces Online Support Via the Web.FREMONT, Calif.--(BUSINESS WIRE)--Jan. 6, 1999--SyQuest Technology, Inc. (Nasdaq:SQYT) announced today that it has commenced limited sales operations of its popular family of removable cartridge removable cartridge n. A hard disk that has a self-contained casing, can be removed from the drive, and has greater storage capacity than floppy disks. hard drives. SyQuest also announced that its website is back online in order to provide online troubleshooting Troubleshooting is a form of problem solving. It is the systematic search for the source of a problem so that it can be solved. Troubleshooting is often a process of elimination - eliminating potential causes of a problem. and driver download support. SyQuest filed a Chapter 11 petition with the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Bankruptcy Court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. in Oakland, Calif. on Nov. 17, 1998. Since the filing SyQuest stock continues to be suspended from trading, and the company's shares are likely to be delisted from NASDAQ in the very near future. As previously announced, the company and its creditors are reviewing offers from strategic buyers. These offers are structured as sales of assets, and would not be likely to provide any return to shareholders. Please go to the SyQuest website at www.syquest.com for further information. 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, 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. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion