Syquest
SyQuest Technology, Inc. (Nasdaq: SYQT) was an early entrant into the hard disk drive market for personal computers. 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. 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.
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