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Non-Tech : Any info about Iomega (IOM)?
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To: sheila rothstein who wrote (51380)3/26/1998 9:17:00 PM
From: Rocky Reid  Read Replies (2) of 58324
 
Rumors on the Yahoo IOM thread indicate that Jaz sales are very very slow. Zip is "OK." Evidently, SparQ is really hurting Jaz. Castlewood will drive the coffin lid shut on Jaz.

The same rumor is that Iomega will lower Jaz1 drives to $179 and undercut SparQ, thus not making ANY money on the drives. They hope to make it up in cart sales-- good luck.

If these rumors are true, look for IOM to fall faster to $4.80 than even I predicted.

It's still not too late for Iomega investors to dump their positions, while IOM is still in the $6's.
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