Any info about Iomega (IOM)? Message Board

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

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To: Hunter Vann who wrote (54771)	5/15/1998 6:52:00 PM
From: Ken Pomaranski	of 58324

<< Syquest is about to fall below the $2 dollar barrier. Do people actually consider this company formidable competition? >> The IOM bulls are still missing the point. SYQT was enough competition to be part of the reason IOM posted a loss. SYQT proves that anyone out of their garage can come up with a storage device and force IOM to drop prices and blow marketing dollars like crazy. If SYQT goes out of business, it will be somebody else. IOM needs to defend it's place in the market very aggressively, because the drives don't have 'staying power'. It's not a monopoly. Intel and Microsoft have monopolies, they can command huge margins and aren't worried about someone coming in tomorrow and displacing them. IOM has to worry about Sony, Orb, SYQT, LS-120, DVD, FLASH, etc. etc. etc.They cannot make money while fighting these guys off. It's been proven. What you have is a company relying on a 3 year old product to survive. CLIK! is too much of an unknown. Gamble if you want to! kp

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