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Non-Tech : Any info about Iomega (IOM)?
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To: Cogito who wrote (33345)10/25/1997 12:11:00 PM
From: Bearded One   of 58324
 
LS-120 certainly has been a failure. There are 4 reasons that I can think of:
1) The LS-120 cost about the same as a zip. Since zip is pretty much a standard, it had to be cheaper.
2) THe LS-120 diskette cost the same or more as a zip disk. See #1.
3) The LS-120 was marketed as a seperate external product. Any advantage of being backwards compatible with the 1.4 is negated, since when you buy an external, you already have the 1.4 in your machine.
4) It may be that the zip is so much a standard that it can't be replaced.

Now, of those four reasons, #1, #2, and #3 are all fixable, and Sony is possibly the best company in the world as far as miniturization and cost reduction for consumer electronics. #4 is the big question and is what everyone here is betting on. However, Iomega stock holders will probably have to deal with predictions of impending zip killers as long as the 1.4 meg floppy drive remains in the computer. So even if Sony screws up, they'll probably be another one. That Korean consortium, for example.
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