Any info about Iomega (IOM)? Message Board

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Non-Tech : Any info about Iomega (IOM)?

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To: sheila rothstein who wrote (31278)	10/7/1997 1:31:00 AM
From: Dale Stempson	of 58324

>>>I just read on the SYQT thread that they raised $159 Million to fund aggressive marketing<<< Shiela, IMO, your statement above is a bit misleading. Syquest has raised $159 million in financing in the last 16 months. In addition they have lost $154 million over the last six consecutive quarters and are expecting losses in the most recent quarter as well. In other words, they've vaporized the majority of that financing into Jet fumes. Syquest isn't "going under" anytime soon, and I also believe they will display some agressive marketing, but it will be nothing compared to what we're used to from the folks in Roy. Regards - Dale

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