Any info about Iomega (IOM)? Message Board

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

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To: mark lerman who wrote (7022)	9/10/1996 8:43:00 PM
From: Erik J. Lupien	of 58324

mark: from MF IO closed at $15 7/16. The articcle from MF below. IOMEGA (NASDAQ: IOMG) traded up $2 1/8 on heavy volume on the news that the company and Matsushita Communications Co. signed an agreement under which Matsushita is granted a nonexclusive worldwide license to produce Zip drives and sell them, under Matsushita's brand names and on an OEM basis, to companies like Toshiba. Toshiba, the top corporate laptop company with large mobile customers such as PROCTER & GAMBLE (NYSE: PG), recently showed a unit with Iomega's internal 15 mm. form-factor Zip. In Iomega's Q2 1996 conference call, CEO Kim Edwards identified such OEM deals as the company's primary objective for the current and near-future quarters. Iomega finished the day's trading at $15 7/16. Regards, Erik.

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