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Non-Tech : Iomega Thread without Iomega
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To: Rocky Reid who wrote (3608)11/8/1998 7:28:00 PM
From: j glad  Read Replies (3) of 10072
 
I have heard that Costco and Circuit City are dropping the zip drive when the current inventory is finished. They have very little inventory left. Please check this with your local stores.

I know that Iomega dumped $100 million Inventory last quarter. It probably went to the box makers at a loss. Iomega's Accounts Receivables are up $100 million and the inventory is down about $100 million. Something is wrong.

I have shorted the stock. Please do some channel checks at your local Circuit City, CompUSA or Costco.
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