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Non-Tech : Iomega Thread without Iomega

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To: Gottfried who wrote (3185)11/4/1998 3:45:00 PM
From: Cogito  Read Replies (3) of 10072
 
Gottfried and Sheila -

The funniest part about Herb's hatchet piece today is that he obviously didn't do any checking of facts before he claimed that large amounts of SyQuest inventory would flood the market for Christmas.

There aren't any large amounts of inventory, because the company hasn't had enough money to pay suppliers for months, and the suppliers stopped accepting stock in lieu of money long ago.

Moreover, since SyQuest's sales were never more than 10% of Iomega's anyway, they couldn't put much of a hurt on Iomega even if they sold every single drive they have left for $1.

- Allen
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