Any info about Iomega (IOM)? Message Board

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

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To: Rande Is who wrote (55879)	6/10/1998 8:53:00 AM
From: Ben Antanaitis	Read Replies (1) of 58324

Be still, my beating heart...... an HG column without the obligatory IOM cheap shot at the end: Speaking of which: On Monday Hambrecht & Quist analyst Todd Baker injected new life into Iomega's stock (and added around $300 million to its market value) when he whispered that the company was likely to be mentioned later this week in conjunction with Compaq Computer (CPQ:NYSE). The thought was that Iomega had finally won a big contract from Compaq. Yesterday Iomega did get an order from Compaq to install Zip drives as standard features in most of its new Presario PCs. But Syquest (SYQT:Nasdaq) stole Iomega's thunder by announcing it had won a three-year contract from Compaq to install its SparQ drive in Compaq's built-to-order PCs -- the ones it'll use to compete against Dell (DELL:Nasdaq). The duration of Iomega's contract isn't known, which must be why investors knocked $131 million off its market cap yesterday. But just for perspective: Yesterday Iomega's market cap stood at around $1.7 billion; Syquest's, $121 million. Ben A. ez-pnf.com

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