The New Iomega '2000' Discussion Group Message Board

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Non-Tech : The New Iomega '2000' Discussion Group

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To: Herb Fuller who wrote (1063)	6/24/1999 5:47:00 PM
From: Rocky Reid	Read Replies (3) of 5023

>>The ZipCD, a 4X-write/rewrite and 24X-read drive, is designed to complement Iomega's existing 100-Mbyte Zip floppy ...<< I don't care about Iomega's spin on what it's "designed to do." The fact is that the Iomega CD-RW will cannibalize much higher margin sales away from Zip and Jaz. You just can't get around it. Iomega has conceded their monopoly strategy and now hopes to SURVIVE as a commodity vendor. Zip is on its decline. Jaz is almost totally gone. And 15% CD margins (at the most- as per my previously-linked post) cannot possibly make up the difference from possible 50% to 100% margins on Zip or Jaz. Iomega has now officially switched to Survival mode by going into the commodity business. And why Iomaniacs don't choose to take advantage of this short-term price bubble to Sell their IOM shares is beyond me. I guess its the same reason they hold on from $9 or $10. Hope. It's all they have.

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