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 9:51:00 PM
From: Kangming Xu	of 58324

Just a few thoughts. 1. Syquest admited its failure to compete with Iomega's zip and acknowledges the dominance of Iomega. "It was a mistake on our part to get into a pricing war with Iomega. It's been a very painful experience." said John Luhtala, the new financial chief of SYQT. Therefore, to avoid competing with Zip and Jaz, it ships 230MB EZFlyer instead of long await Syjet. This is tremondous victory for IOMG and Jaz should be long time without competition. To the investors, the revenue and earning of Jaz should be very good. 2. Today press release shows 5million Zip drives production capacity this year. If tie ratio is 10, then, this will bring about $1b revenue this year for Zip alone. Therefore, plus the Jaz and ditto, $1.5b revenue this year should be easy. KM ps. appreciate for Young's great post.

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