Any info about Iomega (IOM)? Message Board

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

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To: d-fndr who wrote (47676)	2/12/1998 9:45:00 PM
From: OtherChap	Read Replies (4) of 58324

Iomega will hit 5 tomorrow. Check out this story at news.com The restraining order against Nomai has been lifted in the US as of today. Considering nearly every penny of profit Iomega makes comes through their ridiculously overpriced disks, their entire revenue stream may quickly dry up. A great quote from Nomai lawyer Jeff Kingston: "It's full steam ahead for Nomai" he predicted that zip disk prices would be forced down from their current $12. He continued: "They cost next to nothing to make." And that folks, is what Iomega stock is going to be worth at the open tomorrow. Next to nothing. I only wish I had shorted the farm on this one.

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