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

To: Frank Drumond who wrote (42842)	1/8/1998 6:38:00 PM
From: Linda Pearson	Read Replies (1) \| Respond to of 58324

High level team headed tommorrow to Indonesia to negotiate the acceleration of IMF supported program, and IMF approved $2 Billion of assistance for South Korea. Not directly Iomega related, but, I do think it is very important to the Stock Market. Linda

To: Frank Drumond who wrote (42842)	1/8/1998 6:40:00 PM
From: Ken Pomaranski	Read Replies (6) \| Respond to of 58324

<< Zip is now a mainstream product >> Not in the majority of the PCs that are selling today. I estimated in October that ZIP has about a 3% penetration in the PC market. (based on total ZIP sales / number of PC sales) Everybody is buying sub $1000 PCs today, none of which have ZIPs, therefore, no loyalty to ZIP. If you were buying a new PC today, would you buy a ZIP, which stores 100Mbytes, or consider a 1Gbyte device for nearly the same price? It doesn't matter that Syquest is going out of business. What matters is that anybody can enter this business, and steal sales. (no loyalty, no barriers to entry.) kp

To: Frank Drumond who wrote (42842)	1/8/1998 6:47:00 PM
From: Ken Pomaranski	Read Replies (1) \| Respond to of 58324

Remember, I do like Iomega, I'm just trying to point out the potential problems out there. To tell the truth, there is still no evidence of impact to Iomega, as there balance sheet looks great. What I'm saying is that because penetration is still very, very, low, Iomega is vulnerable from any competition. The Sony drive scares me way more than anything else I've ever seen. It has the 'potential' to come right and and squash Iomega since the base hasn't been built... kp