Any info about Iomega (IOM)? Message Board

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

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To: Ben Antanaitis who wrote (45103)	1/23/1998 5:03:00 PM
From: OtherChap	Read Replies (4) of 58324

Face it, Iomega is dead. Their stock price will be neck and neck with Syquest before you know it. Sure, Iomega may manage to keep the proprietary lock on their 10 dollar disks (that's where all the profit supporting this stock is, btw) but who cares? CD-rewritable drives are coming down drastically in price, you can get a good internal one for 350 bucks without looking hard, and the media only costs 2 bucks for 650 megs of backup storage. If you buy the rewritable media, it's about 14. And since EVERY computer has a CD rom- if you need to send files to someone, like a graphic artist friend, it is much cheaper to burn a 2 dollar CD with 650 megs of info on it! Plus you know everyone has a CD rom drive! the installed base of CD roms is far greater than Zips! Looks like the street (and iomega's bottom line) is finally realizing this. Good luck to all longs, and my prayers for everyone who has (or will soon) be getting a margin call.

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