SyQuest Technology, Inc.
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.