Any info about Iomega (IOM)? Message Board

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

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To: Guy Gordon who wrote (2509)	6/6/1996 12:42:00 AM
From: Young D.T. Nguyen	of 58324

Ref: Syquest 's delisting on NASD... The real kiss of death for Syquest is not from being delisted, but will be due to the total failure of the EZFlyer launch -- which Syquest is betting its business life on. Another big mistake by Syquest mgmt. With all the media attention Syquest has been getting laterly, the average consumers are getting to know about Syquest 's financial problems. When the consumers realized that Syquest is very near bankcruptcy, they won't touch the EZFlyer with a ten foot pole. No one wants to buy a specialty product like the EZFlyer while knowing that the company probably will go out of business. Where are they going to get technical supports and EZFlyer disks in the future? Corporations, small businesses, and government won't buy them either. In my opinion, the EZFlyer will never get off the ground or have a chance to compete with Zip or Jaz. And Syquest will be filling for bankcruptcy before year end or early next year. When the average investors and the non-techie institutional investors realize what Syquest 's bankcruptcy will mean to IOMG 's Zip and Jaz sales, market dominance, and PC storage standard -- current price will look awfully cheap by then.

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