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Non-Tech : Any info about Iomega (IOM)?
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To: KM who wrote (40449)12/18/1997 11:09:00 AM
From: Rocky Reid  Read Replies (2) of 58324
 
Evidently the rumors I told you all about, that are circulating around the brokerage houses, are really getting around now. These rumors indicate that Iomega will miss their numbers, and that Zip sales have peaked. Numerous Street rumors about IOM have been accurate in the past, the last one being that Zip was having production problems during the Summer.

The Jaz2 delay was already factored in before today. It is basically a non-event, as it is not expected to be a big hit in the market anyway. There is just too much competition in the high-end now, and the $650-$750 external price is just outrageous in these times of $199 1 Gig drives like SparQ. I warned of a price drop like today's, and expect this action to continue.
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