<
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)