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.8 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.9 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.10
SyQuest went public on the NASDAQ in 1991.11
In early 1996, the company cut 60% of its workforce;12 later that year, company namesake Syed Iftikar was fired "in a management shakeup."13
After 1997, SyQuest did not fare well in the market. Their core desktop publishing customers began increasingly to use CD-R media and FTP to transfer files, while Iomega's Zip drives dominated 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 those 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.14
They company laid off half of its staff in August 1998 before filing for bankruptcy by the end of the year.1516 Portions of the company were purchased by Iomega Corp. in January 1999, with SyQuest retaining the right to sell its remaining inventory on condition of renaming themselves SYQT. While the company's original syquest.com website continued to provide technical support for its original products until 2003, its rebranded syqt.com website became a digital disk drive and media retailer. By 2009 that website ceased to exist, with its domain (www.syqt.com) put up for sale in the Chinese market.
Syquest's product line included such devices as the following:17
Fixed Media Drives (unformatted capacity):
Removable Media Drives (formatted capacity):
The 5.25" removable-disk hard drives with 44 MB, 88 MB, and 200 MB capacities were mostly used on Macintosh systems via the SCSI interface.
"Troubled SyQuest Technology suspends its operations". The New York Times. November 4, 1998. https://www.nytimes.com/1998/11/04/business/company-news-troubled-syquest-technology-suspends-its-operations.html ↩
"SYQUEST TECHNOLOGY BACKGROUND INFORMATION" (PDF). www.bitsavers.org. November 1983. http://www.bitsavers.org/pdf/syquest/brochures/SyQuest_Background198311xx.pdf ↩
"Sy's quest". Forbes. 9 December 1997. Retrieved 5 July 2010. https://www.forbes.com/1997/12/09/feat_side1.html ↩
"SyQuest SQ306 Q100, 1982" (PDF). http://s3.computerhistory.org/groups/ds-syquest-sq306-q100.pdf ↩
Roman, Andrew (June 1982). "3.9-in. Winchester features removable media". Mini Micro Systems: 239–244. ↩
"SQ306F, SQ312F, SQ325F Data Sheet" (PDF). http://www.bitsavers.org/pdf/syquest/brochures/SQ3xxF_Data_Sheet_198309xx.pdf ↩
This article is based on material taken from SyQuest+Technology,+Inc. at the Free On-line Dictionary of Computing prior to 1 November 2008 and incorporated under the "relicensing" terms of the GFDL, version 1.3 or later. https://foldoc.org/SyQuest+Technology,+Inc. ↩
Morgan, Chris (September 1982). "NCC Report". BYTE. pp. 58–61. Retrieved 2024-12-29. https://archive.org/details/byte-magazine-1982-09/page/n58/mode/1up?view=theater ↩
"[Unknown title]". Electronic News: 16. June 23, 1986. ↩
Iftikar, Syed (March 13, 1992). "To out stockholders". SyQuest Technology 1991 Annual Report: 2. ↩
"Oral History Panel on Hard Disk Drive Transition to Thin Film Media" (PDF). Computer History Museum. April 17, 2006. http://archive.computerhistory.org/resources/text/Oral_History/Thin_Film_Memory_Media/Thin_Film_Media.oral_history.2006.102657957.pdf ↩
"SyQuest to cut 60% of work force and post a loss". The New York Times. February 3, 1996. https://www.nytimes.com/1996/02/03/business/company-news-syquest-to-cut-60-of-work-force-and-post-a-loss.html ↩
Pete Barlas (July 6, 1997). "SyQuest charges founder with theft of trade secrets". BizJournals.com (San Jose). https://www.bizjournals.com/sanjose/stories/1997/07/07/story7.html ↩
"SyQuest Technology to cut 50% of staff". The New York Times. August 8, 1998. https://www.nytimes.com/1998/08/08/business/company-news-syquest-technology-to-cut-50-of-staff.html ↩
"Index of /PDF/Syquest/Brochures". http://www.bitsavers.org/pdf/syquest/brochures ↩
"SyQuest - SQ306" (PDF). www.bitsavers.org. http://www.bitsavers.org/pdf/syquest/brochures/SQ306_Brochure_Sep82.pdf ↩