I/O Magic has been making portable storage devices for some time and today announced their latest HDD the GigaBank Elite 40. The 1.8" 40 GB hard drive features a single-touch data backup function and is powered through the computer’s USB connection. The USB cable stores inside the drive when it’s not in use making this a perfect portable storage solution for UPCs or laptops. The Elite 40 will start appearing in Office Depot stores this month for $230.
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