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Non-Tech : The New Iomega '2000' Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Reseller who wrote (829)	6/19/1999 11:58:00 AM
From: Rocky Reid	Read Replies (3) \| Respond to of 5023

Iomega to Brand a CD-RW drive This is what Jodie is going to announce at PC Expo: quoteserver.dogpile.com Because the compact disc is so firmly a part of consumer life, Zip-drive maker Iomega this week will enter the market with the ZipCD, its first CD-RW product, through a partnership with Philips Electronics NV. The ZipCD, a 4X-write/rewrite and 24X-read drive, is designed to complement Iomega's existing 100-Mbyte Zip floppy drive, said Jon Robison, worldwide director of product management and marketing for Iomega's optical business in Longmont, Colo. Although the ZipCD initially will target retailers, priced at about $300, Iomega will sell the drive to OEMs as well. -- Look like Iomega is buying Philips CD-RW drives and slapping an Iomega label on them. Well, at least this drive (24x4x4 speed) is more up to the times than Nomai/Iomega's stillborne (6x2x2). So much for the Iomaniac-vaunted "Nomai CD technology." That one never got out of the starting gate. Iomega, welocome to the wonderful world of pure-commmodity storage. Enjoy your new life. Iomega fanatics now have the opportunity to buy low-margin products and still have the Iomega label on them. Iomega has now officially switched to Survival-mode. Look for a stock price that represents this new era- a price nearer to IOM's $1.40 Book Value.