Any info about Iomega (IOM)? Message Board

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

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To: Young D.T. Nguyen who wrote (7174)	9/17/1996 1:37:00 AM
From: Ken Pomaranski	of 58324

Nice response Young. I agree that the Q2 report couldn't have come at a worse time. What it's going to boil down to is the disks. The days of making huge profits on the drives are over.. The question is, how much is a company that makes essentially floppies (and gives away drives) worth? Hard to say.. All I know is that if OEM penetration is huge, and Iomega doesn't screw up the licencing agreements, it could be a lot indeed. But alot could go wrong.. I already see 6 packs at Price Club for about $75. (I picked up a pack :) ) just over $10 a disk, and it's only going to get worse. With more companies making them, the price will erode further... Again, I ask myself... Does a company that makes floppies worth a 1.5 billion market cap? a 3.0 billion? who knows... About your point about 'those of us who work with computers daily know the Zip isn't a fad'. Well, I design computers and our firm uses a central network and huge disk arrays with optical drives for backup. Only a few of us here (I'm one of them!) have a zip drive. Everyone else backs up over the network or on a docking station with removable drives.. Anyway, I'm on the sidelines waiting for action... kp

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