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


To: John Solder who wrote (41805)12/31/1997 10:50:00 AM
From: Gary Wisdom  Read Replies (3) | Respond to of 58324
 
Syquest 10-K. How bout this for a good laugh?

Due to competitive pressures, the Company reduced selling prices in order to maintain market share, but was unable to make corresponding reductions in manufacturing costs. As a result, the EZ135 and another subsystem product, the SQ3270, were sold for most of fiscal 1996 at negative gross margins

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Guess they're going to make up for it with volume!!! What a fantastic business model.