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Non-Tech : Any info about Iomega (IOM)?
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To: Jay Chaffin who wrote (3070)6/16/1996 4:57:00 PM
From: Dale Stempson   of 58324
 
ZIPs sell for $99 to computer makers:

Reference excerpt from: Bloomberg Company Spotlight May 30, 1996

The Zip drive now lists for about $200 retail. Some computer stores sell the drives for $174, Iomega's Becks said. Compaq said a DeskPro with an LS-120 drive costs $190 more than a similar machine with a standard drive. Prices are already starting to decline. Iomega sells its drives to computer makers for as little as $99 each, half its retail price, said Howard Rosencrans, an analyst at HD Brous & Co. High-powered drives could sell to PC manufacturers in a couple of years for as little as $25 to $30 each, Abraham said. That's still above the $18 bulk price of current floppy drives, according to Disk/Trend.
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