syquest technology, inc.

SyQuest Technology, Inc.

   <company, hardware> An early entrant into the removable {hard
   disk} market for {personal computers}.  For may years SyQuest
   held the market, particularly as a method of transferring
   large {desktop publisher} documents to printers.  SyQuest aim
   their products to give personal computer users "endless" hard
   drive space for data-intensive applications like {desktop
   publishing}, {Internet} information management, pre-press,
   {multimedia}, {audio}, {video}, {digital photography}, fast
   {backup}, data exchange, {archiving}, confidential data
   security and easy portability for the road.

   At the top of their current (Mar 1997) range are two drives,
   The {SyJet} 1.5 {GB} a 3.5 inch, double platter removable
   drive and the {EZFlyer} 230 {MB} also on 3.5 inch media.  A
   cartridge holding over 4.7GB is promised before the end of
   1997.

   In recent years they have not fared as well in the market,
   whilst {Iomega} has cornered the {Small Office/Home Office}
   (SOHO) market.  Over the period 1995 to 1997 sales declined
   resulting in a series of losses.  In the first quarter of 1997
   these losses had been reduced to $6.8 million with net
   revenues increasing to $48.3 million.  This compares to a net
   loss of $33.8 million, or $2.98 per share, on net revenues of
   $78.7 million for the same period the year before.  It would
   appear that substantial restructuring has occurred over the
   past few years.

   (http://syquest.com/).

   (1997-03-27)