Page "SyQuest Technology" Paragraph 4

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.