Any info about Iomega (IOM)? Message Board

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

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To: Erik J. Lupien who wrote (2325)	6/3/1996 1:40:00 PM
From: Young D.T. Nguyen	of 58324

Ref: Syquest vs. Iomega... It's sad to see Syquest digs itself into a hole where there is no way out. But this is business, survival of the fittest - so real progress can be made. By releasing the EZFlyer and bet everything they got behind it, Syquest is digging itself into a deeper hole. Sad to see that their management still don't get the picture which has gotten them into trouble in the first place. Consumers do not want bulky, damage-prone, removable harddisks when there are better alternatives. Removable hard disk technology is too expensive even for mass production (no different than harddisks) to compete with Zip and Jaz technology and to command a decent profit margin. If Syquest 's new management is smart, they would cut their losses and abandon removable harddisk technology, then obtain a license to make Zip and Jaz drives for Iomega. They should be back in the black in no time. I never have shorted any stock, but if there is one I would short now - it would be Syquest. Bankcruptcy by the 4th quarter is my guess.

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