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 (4447)	7/17/1996 12:25:00 PM
From: Joon W. Kim	of 58324

Another IOMG Put Down with ignorance. "Segate will make high-capacity floppy" for Jaz. WSJ Technology Briefs Seagate to Make Some Disks for Iomega Iomega Corp. said it entered an agreement with Seagate Technology Inc. under which Seagate will make high-capacity floppy disks for Iomega's Jaz portable disk drive. The agreement is a boost for Iomega, based in Roy, Utah, which is trying to show it has the products and performance to go along with the extraordinary hype surrounding its stock. Driven largely by Internet investors, Iomega's market capitalization surged more than 22-fold between December and April, when its stock peaked at $56. It has since dropped, closing on the Nasdaq Stock Market Tuesday at $23.75, up 8% or $1.75. Seagate, Scotts Valley, Calif., is the world's leading disk-drive maker. Its stock was $40, unchanged in New York Stock Exchange composite trading.

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