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

To: Gary Wisdom who wrote (36427)	11/19/1997 12:08:00 PM
From: Rocky Reid	Respond to of 58324

>>It's amazing. Ever notice that when Syquest is down and Iomega is up (which is about every day), Rocky disappears.<< Yaright. The ONLY reason I "disappear" is to get back to work. Believe it or not, someone pays me for my time and effort. As a matter of fact, starting Nov.28, I will be VERY busy for 2 weeks straight, and have little time or access to any computer.

To: Gary Wisdom who wrote (36427)	11/19/1997 12:33:00 PM
From: Zakrosian	Read Replies (3) \| Respond to of 58324

Before dancing on SyQuest's grave, consider this: ***************************************************************************** DOJ Investigates Roy UT Firm November 20, 1997 by Dean Moriarty Washington Post Staff Writer In its ongoing assault on market hegemony of high technology firms, the Department of Justice announced today that it was launching an antitrust investigation against the Iomega Corporation. The company, headquartered in Roy, UT, is the leading manufacturer and marketer of removable data storage, commonly called zip drives, for personal computers. According to some industry sources, Iomega controls as much as 85% of this rapidy growing business. "Just as with Microsoft and Intel," stated R. Patrick McMurphy, assistant attorney general for antitrust affairs within the Department, "Iomega seems bent on completely dominating the marketplace. We find it highly suspicious that a company on the verge of bankrupcy just a couple years ago has managed to generate almost 2 billion dollars a year in sales. You'd have to be crazy to think that was possible without engaging in anti-competitive practices." Industry analysts do not expect this to be a serious problem for the corporation, though it could have short term implications. Jack Duluoz, chief technology analyst for the Satori Research Associates of Cody, CA stated "While it does seem strange that Iomega has grown as they have, it hasn't been due to a lack of competition. Several other companies have introduced removable storage devices but none seem to have caught on, even though they were viewed as technologically superior to the Zip drive. I wouldn't be surprised to see Iomega cut some kind of deal with a competitor, like the SyQuest Corporation, just to make it appear that there is more than one company out there. SyQuest has a good product, but they have a horrendous balance sheet while Iomega has some 200 million dollars in the bank." The Justice Department action has been supported by some industry groups. "We're sick of seeing Iomega and their cohorts in the retail and pc industry forcing their crummy drives down the throats of consumers who don't realize what an inferior product they're buying," commented R. Read, executive director of the National Association of Sound Engineers. Iomega declined to comment on this action, but a source close to the company said that at worst it was just a minor irritation and that Wall Street would view it the same way. ****************************************************************************** All in jest, of course, but I'm sure no one believed it for a moment.

To: Gary Wisdom who wrote (36427)	11/19/1997 3:27:00 PM
From: Naggrachi	Read Replies (1) \| Respond to of 58324

<<Oh no. Is that Syquest that I see is down (again)>> That's not the worst of it. Have you checked QGLY, down from $22, where Rocky was recommending it to the seventeen's. AOL is down from were he puchased it the other day and so is INTC. I forgot what his third purchase was, you know, the one's he made on Monday after his carefull analysis and his conclusion that the correction is over. Nonetheless, I'm sure that the third issue that he purchased is down as well. However, knowing Rocky, he probably bought low and sold at the high and he's already out of those positions as far as he's concerned. Wish I was as good as the ROCK. Long on Iom