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Non-Tech : Iomega Thread without Iomega
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To: David Colvin who wrote (5969)1/17/1999 8:20:00 AM
From: Bob B.  Read Replies (4) of 10072
 
David,

Thanks for bringing over that post from the MF board. It was great! I followed the removable-storage market intensely for several months before buying 31,000 shares of IOM in October and have followed it even more closely since. Still, it amazes me how much there is to learn.

The only thing I would add is that Iomega's purchase of Syquest's intellectual property might well put the final nail in Castlewood's coffin, since the Orb seems to be derived from Syquest technology. I expect Iomega's lawsuit to be filed shortly, or maybe they can just piggyback onto the suit that Syquest had already filed.

I also appreciate the post about the Sony recall. The IBM microdrive never worried me - it's really designed for a different market - despite Andrew Hay's effort to make it into a Zip/Jaz competitor. Sony DID worry me, and I hope their redesign efforts slip past February and into March or April. They must have put a real piece of garbage on the market if all those problems showed up after only 100 sales.

A major blitz by Sony with their "new" drive could cut into IOM's Y2K profits, but each passing day narrows their window of opportunity further and further. I am willing to bet that if they can't get a reliable drive on the market by June or July, they'll throw in the towel altogether.
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