Fire Wire Officially known as IEEE-1394, FireWire is a new high-speed, low-cost interconnection standard. Adopted with flexibility and speed in mind, this technology represents the next generation of Plug and Play. With standard speeds of 100, 200 and 400 Mbps, it  is ideal for connecting high-end consumer electronics such as digital A/V equipment, as well as specialized computer peripherals.   A lthough comparable to USB in that both do not require the computer to be rebooted in order to recognize newly connected devices, FireWire is capable of much higher data transfer rates than USB. Today's general trend is to reserve USB for low-bandwidth input devices such as keyboards, mice and desktop image scanners,while FireWire is better applied to high-bandwidth multimedia applications such as digital A/V processing