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I find this fascinating, considering the level of ignorance you display in the other paragraph of your post.
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I take it you disagree with the informed camp on the future of IOMG. Always nice to start a counterargument with a personal attack, good.
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First, since when are servers cheap?
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As compared to arming everyone in the office with a Zip drive?
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Second, it's fairly clear that the primary market for Iomega's products is the home market. People don't have "cheap servers" to back up on at home.
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Sure, Zip does make good backup device for the home. There are others and the stock value certainly isn't justified if your assertion is correct.
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Sure, applications ship on CD. Yes, CD-R is getting cheaper all the time. But it's a write-once technology, it's slow as hell, and really isn't an equivalent to Zip, Ditto or Jaz.
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I'm not saying CD-R is the be-all and end-all. The drives are getting cheaper every month, the disks are dirt cheap already. Given the huge capacity advantage your assertion that Zip is for home backup makes them a better alternative than Zip, by far.
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I'm perfectly happy to be one of the ignorant people who have made a good deal of money investing in Iomega. And I will continue to make money, as the "owls" dine on rodents.
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Plenty of people, including myself, have flipped IOMG for a profit. I'm talking about IOMG as more than a 24 hour or 2 week investment. The only valid point you make is that Zip is good for backup at home. That's hardly what the magnetic media heads at Iomega would have us believe. They think Zip is some sort of technological leap! |
