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

To: Richard Smith who wrote (38360)	12/3/1997 5:08:00 PM
From: D.J.Smyth	Read Replies (1) \| Respond to of 58324

i think this wsj article on "disk drives being plentiful" has something to do with Iomega, don't you? Iomega has taken nearly $2 billion out of the market this year - some of it being the cream of WDC and Seagate. although you've got several japanese and korean firms dumping on the market to keep people employed. according to the IMF agreement with Korea, though, Korean firms will be barred from borrowing huge amounts to continue to fund weak operations, i.e., Samsung and other korean drive/semi manufacturers were borrowing funds to stay fully employed at the behest of the Korean government. Since these firms can no longer adhere to "full employment" ideals, they'll lay off workers, cut back on production. This should bring the prices up in dram and disk drives in general over the next three to six months. WDC, APM at some point, if they can stay in there, may even become a buy again. You can read some about this scenario under the comments made by Texas Instruments today defending their product line against Kurlak's comments yesterday.