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

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To: Martin Olsen who wrote (30421)9/19/1997 3:46:00 PM
From: Cogito   of 58324
 
>>No formal announcement from IOM ragarding 2GbJaz?
I am confused...<<

Martin -

I think there will be an announcement next week. Probably Monday or Tuesday. Iomega doesn't tend to release news on options expiration days, especially triple witching days, as a rule. Though they do seem to like to report on earnings the day before options expire.

Good to see the news about an official SKU number for Jaz2. Still, a SKU number does not a shipping product make.

For example, I know Iomega wanted to have Buz in the stores by this time, but there have apparently been some delays. Of course, Jaz2 is just a higher capacity version of an existing product, whereas Buz is a whole new hardware/software package. So I would have been surprized if Buz was on time. That September release date always seemed very aggressive to me, given that the product hadn't even made it to beta testing in July. I don't think we should expect to see Buz shipping until late October or even November.

- Allen

PS: Nice price action today, though.
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