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 (3181)	6/18/1996 4:39:00 PM
From: Albert Youssef	of 58324

Article posted at 1:53 EST on the Bloomberg: Mitsubishi Electric Corp. said it plans to make computer floppy disk drives that can store 80 times more data than current standard drives, entering a market dominated by Iomega Corp. and Syquest Technology Inc. Mitsubishi, which makes several types of computer components, said it plans to supply major personal computer makers with disk drives based on the so-called LS-120 technology. Disk drives based on this technology use a combination of laser light and magnetic recording components to store computer text, graphics and sound on floppy disks. Even though LS-120 disks look the same as ordinary 3-inch floppy disks, they can store 120 megabytes of data -- enough to store 30 copies of "Moby Dick". LS=120 drives can also read information stored on regular 1.4-megabyte floppy disks. Mitsubishi is the latest computer company to back the LS-120 standard. Compaq Computer Corp., the world's biggest personal computer maker, sells PCs with LS-120 drives. The drives compete with a proprietary disk-drive technology being pushed by Iomega, whose stock has been a high-flyer. Mitsubishi, based in Tokyo, said it plans to ship the first products in the fourth quarter.

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