SyQuest Technology, Inc.
SyQuest Technology, Inc.
(company, hardware)At the top of their current (Mar 1997) range are two drives,The SyJet 1.5 GB a 3.5 inch, double platter removabledrive and the EZFlyer 230 MB also on 3.5 inch media. Acartridge holding over 4.7GB is promised before the end of1997.
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 declinedresulting in a series of losses. In the first quarter of 1997these losses had been reduced to $6.8 million with netrevenues increasing to $48.3 million. This compares to a netloss of $33.8 million, or $2.98 per share, on net revenues of$78.7 million for the same period the year before. It wouldappear that substantial restructuring has occurred over thepast few years.
http://syquest.com/.