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History (1998): Castlewood Replaces SyQuest

In removable HDDs

At Comdex, we learned that Castlewood, which now boast 82 employees, will have spent nearly $20 million in order to get to the point of shipping, at last, its first 3.5-inch removable ORB drives (2.2GB, 12.2MB/s maximum, $200 per unit, $30 per cartridge) to OEMs.

History Castlewood

Company’s founder, Syed Iftikar, admits: “We are one year late.”

Even so, he has announced a thousand units shipped in November.

For the last quarter of 1999, I expect sales of $250 million. We already have the orders. Our problem is execution.”

To this end, Iftikar also announced 5 subcontractor manufacturing plants: 2 currently operating in Malaysia, Trans Capital, and Tru-tech, beginning this month. Starting in January, Sanyo, followed by Elitegroup, a motherboard manufacturer, in March and the Korean-based Daewoo Electronics in June.

The Taiwanese integrator Proview plans to include the ORB drive in its PCs, along with Daewoo and Wintec.

Castlewood expects to sell over 500,000 drives to Proview over the next 12 months.

This article is an abstract of news published on issue 131 on December 1998 from the former paper version of Computer Data Storage Newsletter.

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