Any info about Iomega (IOM)? Message Board

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

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To: Mary Cluney who wrote (4030)	7/3/1996 2:48:00 PM
From: Stan J. Czernel	of 58324

Here is the text of the ZIP price reduction notice from Dow Jones News: Dow Jones News Service ~ July 3, 1996 ~ 1:11 pm EST (MORE) DOW JONES NEWS 07-03-96 12:55 PM Iomega Corp., Jaz Drive -2-: Cuts 1-Gigabyte Drive $100>IOMG ROY, Utah (Dow Jones)--Iomega Corp. (IOMG) cut by $100 the price of its one-gigabyte Jaz drive, effective immediately. In a press release, Iomega said its expects the estimated U.S. street price of the external Jaz drive to drop to $499 from $599 and the internal Jaz drive to drop to $399 from $499. The company also said it has started shipping Jaz drive products to computer retail outlets with plans to expand retail distribution throughout the year. The company also introduced the Jaz Jet, the first cross-platform internal PCI card that boosts the speed and performance of the Jaz drive in both the PC and Macintosh platforms, available immediately at an estimated street price of $99. An ISA Jaz Jet is available for users of 486 and 386 PC-based systems.

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