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Technology Stocks : SYQUEST -- Ignore unavailable to you. Want to Upgrade?

To: Dale Stempson who wrote (6845)	7/9/1998 1:50:00 PM
From: John T. Hardee	Respond to of 7685

SyQuest to Develop USB SparQ Drive to Complement Apple iMac Systems Gives Consumers, Students, Business Professionals a Macintosh Storage Solution for Sharing/Transferring Files, Internet Downloads, Multimedia Applications NEW YORK--(BUSINESS WIRE)--July 9, 1998-- SyQuest Technology (Nasdaq:SYQT - news), the high performance, high capacity leader in removable storage solutions, Thursday disclosed plans to develop a USB (universal serial bus) version of its award-winning SparQ 1.0 gigabyte removable cartridge hard drive. A perfect peripheral for use alongside the new Apple iMac system, the SparQ drive's new plug-and-play USB port will provide iMac users with unlimited storage capacity to access and perform downloads from the Internet, and run multimedia applications, educational programs and games, as well as allow them to transfer and share files with friends, students and colleagues. ''iMac is exciting developers and customers around the world with its stunning looks and Pentium-toasting performance,'' said Phil Schiller, senior director of worldwide product marketing at Apple Computer Inc [Nasdaq:AAPL - news]. ''With leading vendors like SyQuest supporting iMac with innovative USB products like the SparQ, iMac customers will be able to easily expand the storage capabilities of their revolutionary new Macintosh.'' The iMac combines the excitement of the Internet with the simplicity of a Macintosh with its innovative new design, powerful features and low price. In a radical departure from what has been a conventional system design, the iMac does not include a floppy disk drive. ''SyQuest's 1.0 gigabyte SparQ removable storage drive will provide iMac owners ample storage capacity for migrating data and applications off hard disk drives, as well as downloading files from the Internet,'' Robert Amatruda, senior analyst, International Data Corp., said. Apple Computer has always been visionary when it comes to incorporating or utilizing new technology. More than 10 years ago, Apple set the standard by being the first company to incorporate high capacity 3.5'' floppy drives into all their systems. ''Like Apple, SyQuest has always been an innovator. We share the vision that the Internet is going to have a Tsunami effect on consumers -- creating a need for endless amounts of storage,'' Gary Jones, executive vice president, sales and marketing, SyQuest, said. ''Last year megabytes were enough. Now the world is going gigabyte -- and the SparQ drive delivers, at a reasonable price.'' The USB SparQ drive is anticipated to be available to consumers for the holiday shopping season. People interested in learning more about the upcoming SparQ drive can stop by the SyQuest booth No.1701 during Macworld Expo at the Jacob Javits Center in New York City, July 8-10, 1998, or visit the SyQuest Web site at syquest.com. SyQuest Based in Fremont, Calif., SyQuest Technology is the leader in removable cartridge hard drive