Tape is ideal for backing up huge libraries of data -- its fast, cheap and capacious.

FORBES: Serendigity

That made a 100-megabyte Zip disk a useful tool for backing up data and sharing files with other people.

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It competes with IBM, EMC, NetApp, Hewlett-Packard and Hitachi Data Systems in the storage hardware market by selling products like flash drives, magneto-optical drives, magnetic tape drives and compact drives that are used for backing up data on servers.

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