Storage: SyQuest Technology Signs OEM Partnership Agreement With Compaq Computer Corporation; Award-Winning SparQ Drive to be Offered in Compaq's Configure-To-Order Program

Edge: Work-Group Computing Report, June 15, 1998

SyQuest Technology Inc., a leading manufacturer of removable cartridge hard drives, has signed a three-year original equipment manufacturer (OEM) agreement with Compaq Computer Corporation, to incorporate the award-winning SparQ 1.0 GB internal removable cartridge hard drive into Compaq's newly announced Configure-To-Order (CTO) program.

"We could not have hoped for a better endorsement of the SparQ drive system," said Ed Harper, president and CEO of SyQuest. "Under this arrangement, the world's leading maker of PCs will offer an integrated removable storage solution to Compaq customers who require high performance, gigabyte-capacity products. Compaq realizes that typical users often work at multiple locations and they want high capacity removable drives to both back up and transport their data easily. We expect this arrangement to continue to increase sales and demand for the SparQ drive and we look forward to serving Compaq's world-wide customer base."

Announced in November 1997, the SparQ drive provides users with one gigabyte of storage capacity, ten times the amount of removable storage typically integrated into desktop computer systems. The SparQ drive was awarded the 1997 PC Magazine Editors' Choice award for best/price performance and continues to receive high accolades from other publications. FMI: http://www.syquest.com.

Founded in 1982, Compaq Computer Corporation, a Fortune 100 company, is a global information technology company. Compaq is the fifth largest computer company in the world and the largest global supplier of personal computers. With worldwide sales of $24.6 billion in 1997, Compaq develops and markets hardware, software, solutions and services, including industry-leading enterprise computing solutions, fault-tolerant business-critical solutions, networking and communication products, commercial desktop and portable products and consumer PCs.

FMI: http://www.compaq.com or 1-800-OK-COMPAQ in North America.