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Non-Tech : Any info about Iomega (IOM)? -- Ignore unavailable to you. Want to Upgrade?

To: KM who wrote (32970)	10/22/1997 1:19:00 PM
From: Jeffery E. Forrest	Respond to of 58324

Where is the biz that WAS going to IMPX going now? From the IMPX earnings report: ''In Q2, we completed the last scheduled shipments to Iomega for the Zip drive. During the quarter, we were able to replace a significant reduction in revenue from Zip read-channels relative to Q1, with business from new foundry customers. Even this reduced level of shipments represented about 25% of our business for Q2. Iomega will continue to be a valued customer, but will represent a small percentage of overall revenue. Despite our success to date in broadening the customer base, the replacement of such a large percentage of business will take more than a single quarter. Therefore, the company currently anticipates lower total revenue for the third quarter of fiscal 1998.