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Non-Tech : Any info about Iomega (IOM)?
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To: Joe Rizzo who wrote (2898)6/13/1996 9:24:00 AM
From: Dale Stempson   of 58324
 
Yeh, I just heard the report from our buddies on CNBC. At the same time they also announced major downgrades for Quantum. Looks to me like a last ditch effort by Syquest to sell off their excess EZ135 inventory to support their new drive and avoid folding-up completely. It is my understanding that they have already made the decision to obsolete the EZ135 by the end of the year (if they're around that long). I expect that the combined news will send all 3 stocks lower today.
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