SyQuest Technology, Inc. definition 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
information management, pre-press, multimedia
, 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.