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SyQuest re-emerges from oblivion

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Troubled storage specialist SyQuest is set to announce details of a buyer next week, the company has announced. The news came as the company's Web site, dead since SyQuest went into Chapter 11 at the end of November, went back online to offer customer support information. For many users, it's about time. SyQuest's sudden collapse left a great many owners of its products concerned about their ability to receive tech support -- many others with drives already in for repair, were left wondering whether they would see their machines again. According to SyQuest's lawyers, they will get their drives back, as soon as the court authorises their return. That suggests they are being counted at SyQuest assets under the Chapter 11 rules, even though they actually belong to SyQuest's customers. However, of more long-term importance is the company's overall future. Its Web site claims officials hope to have SyQuest running normally very soon, but that's as near as damnit impossible without a massive injection of cash, either from a backer or a buyer. The front-runner in the possible buyer stakes continues to be Iomega, though it has refused to comment on whether it's interested in the carcass of its former rival or not. ®

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