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SyQuest Technology
SyQuest Technology, Inc. (Nasdaq: SYQT) was an early entrant into the hard disk drive market for personal computers. Its earliest products were the SQ306R, a 5 MB 3.9" (100 mm) cartridge disk drive and associated Q-Pak cartridge for IBM XT compatibles. Subsequently a non-removable medium version was announced, the SQ306F.
For many years, SyQuest was the most popular means of transferring large desktop publisher documents such as advertisements to professional printers. SyQuest marketed its products as able 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 and archiving, along with confidential data security and easy portability for the road.
The introduction of lower-cost options like the Zip drive which offered similar capacity, and later the CD-R which was much less expensive once it reached mass-market, seriously eroded SyQuest's sales and the company went bankrupt in 1998. Sales of their existing inventory continued until 2003.
The company was founded on January 27, 1982 by Syed Iftikar who had been a founder of Seagate, along with Ben Alaimo, Bill Krajewski, Anil Nigam and George Toldi.
The company was named partially after the founder, Syed Iftikar, because of a company meeting wherein it was decided that "SyQuest" ought to be a shortened name for "Sy's Quest".
The company announced its first product family of 3.9" (100 mm) cartridge disk drives and associated Q-Pak cartridges at the 1982 National Computer Conference, surprising observers with the low price of $750 for the drive and $35 for a cartridge. They achieved limited success in government markets where removable media were required for security purposes.
In 1986, SyQuest announced the SQ555 and its SQ400 associated cartridge, a 44 MB 5¼-inch removable cartridge hard disk drive, using the industry standard 130 mm disk as its medium. Double capacity versions, the SQ5110 and SQ800 were introduced in 1991. This generation of products became the de facto standard in the Apple Macintosh world to store, transfer and backup large amounts of data such as generated by graphic artists, musicians and engineers.
SyQuest went public on the NASDAQ in 1991.
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SyQuest Technology
SyQuest Technology, Inc. (Nasdaq: SYQT) was an early entrant into the hard disk drive market for personal computers. Its earliest products were the SQ306R, a 5 MB 3.9" (100 mm) cartridge disk drive and associated Q-Pak cartridge for IBM XT compatibles. Subsequently a non-removable medium version was announced, the SQ306F.
For many years, SyQuest was the most popular means of transferring large desktop publisher documents such as advertisements to professional printers. SyQuest marketed its products as able 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 and archiving, along with confidential data security and easy portability for the road.
The introduction of lower-cost options like the Zip drive which offered similar capacity, and later the CD-R which was much less expensive once it reached mass-market, seriously eroded SyQuest's sales and the company went bankrupt in 1998. Sales of their existing inventory continued until 2003.
The company was founded on January 27, 1982 by Syed Iftikar who had been a founder of Seagate, along with Ben Alaimo, Bill Krajewski, Anil Nigam and George Toldi.
The company was named partially after the founder, Syed Iftikar, because of a company meeting wherein it was decided that "SyQuest" ought to be a shortened name for "Sy's Quest".
The company announced its first product family of 3.9" (100 mm) cartridge disk drives and associated Q-Pak cartridges at the 1982 National Computer Conference, surprising observers with the low price of $750 for the drive and $35 for a cartridge. They achieved limited success in government markets where removable media were required for security purposes.
In 1986, SyQuest announced the SQ555 and its SQ400 associated cartridge, a 44 MB 5¼-inch removable cartridge hard disk drive, using the industry standard 130 mm disk as its medium. Double capacity versions, the SQ5110 and SQ800 were introduced in 1991. This generation of products became the de facto standard in the Apple Macintosh world to store, transfer and backup large amounts of data such as generated by graphic artists, musicians and engineers.
SyQuest went public on the NASDAQ in 1991.