SyQuest Technology, Inc., now known as SYQT, Inc., was early entrant into the removable hard disk market for personal computers. For many 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.

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.

Syquest filed for bankruptcy in late 1998, and was subsequently purchased by Iomega Corp. in january 1999.

External link

• SyQuest homepage (http://www.syquest.com/)