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Non-Tech : Any info about Iomega (IOM)?
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To: sheila rothstein who wrote (56164)6/15/1998 4:54:00 PM
From: jessie mae  Read Replies (2) of 58324
 
Just remember that in todays world economy Japans problems ARE OUR problems. IOM will feel this sharply when the price of Zip drives is raised to compensate for the weak currency in Japan. When I lived in Japan in 91-95 I was buying dollars for 85 Yen, the same dollar which now costs 145 Yen. Figure out what this will do to IOM's ability to get dollars back into it's fatcat CEO's pockets. And believe me, they will get it - at the shareholders expense.
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