TECHNOLOGY - Nov. 18, 1998

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. The purchase price was not disclosed, and Syquest was not immediately available to comment further. Trading in SyQuest stock was halted on Nasdaq last week.