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

To: Rocky Reid who wrote (47828)	2/13/1998 8:20:00 PM
From: Michael Coley	Read Replies (3) \| Respond to of 58324

RE: Iomega Comments on the Nomai Injunction. biz.yahoo.com Friday February 13, 6:51 pm Eastern Time Company Press Release California Court Rules on First Motion for a Preliminary Injunction in Ongoing U.S. Litigation Between Iomega and Nomai Hearing on Motion for Preliminary Injunction Based on Copyright and Patent Infringement Set for Feb. 27 ROY, Utah--(BUSINESS WIRE)--Feb. 13, 1998-- Iomega Corp. (NYSE:IOM - news) announced that on Feb. 11, 1998 the United States District Court for the Northern District of California partially granted and partially denied Iomega's motion for a preliminary injunction against Nomai, S.A. Under the new ruling, Nomai is prohibited from advertising its XHD disks as being compatible with Iomega Zip drives without expressly warning customers that the disks are not compatible with notebook Zip drives. For procedural reasons, which Iomega believes were incorrectly decided, the court did not consider independent laboratory tests conducted in January 1998 demonstrating that XHD disks are not compatible with desktop Zip drives. These tests showed that a significant percentage of desktop Zip drives tested at room temperature with XHD disks exhibited catastrophic head damage creating a serious risk for customers of unrecoverable data loss. Iomega's motion for a preliminary injunction preventing the sale in the United States of XHD disks based on claims of copyright and patent infringement is still pending. The hearing on this motion is set for Feb. 27, 1998. ''Iomega cares about protecting its customers and the information they rely on to do their jobs and manage their lives,'' said Kim B. Edwards, Iomega's president and chief executive officer. ''We are pleased that the legal action we took in the United States was successful in preventing Nomai from coming to market with advertising that was clearly false and deceptive, but we are disappointed that the court did not consider the independent test results we submitted in January demonstrating that customers will put their valuable data at risk when using XHD cartridges.'' Customer research indicates that more than half of Iomega's customers use Zip disks to transport data between machines, for example to transport files from work to home. It's very important for Zip users to have disks that work with all current and future Zip drives. including notebook drives. Iomega has spent years developing innovations that ensure its customers can use their genuine Zip 100 disks reliably and seamlessly with all Zip drives including Zip notebook and desktop drives. The company has been particularly vigilant in ensuring that both Iomega and its authorized partners Fuji and Maxell sell high quality disks that maximize performance of Iomega's Zip system. ''We tested our genuine Zip 100 disks under all of the same conditions as the Nomai XHD disks and they exhibited 100% compatibility,'' added Edwards. ''We believe it is our responsibility to warn our customers that independent testing conducted at room temperature showed a significant percentage of desktop Zip drives tested with XHD disks were permanently ruined. We think that makes them incompatible with Zip drives -- period.'' Iomega Corp. manufactures personal read/write storage solutions that help people manage their stuff-anywhere. Iomega's products provide consumers with what they want, when they want it, at a price they're willing to pay. The company's industry storage solutions, designed for all types of computer users, include Zip drives and genuine Zip 100 disks; Jaz one- and two-gigabyte drives and disks; and Ditto tape backup drives and tape cartridges. Whether used in homes, business, government or education, or by creative professionals, all Iomega storage solutions ensure high levels of quality and reliability when using authorized Iomega media products. Iomega products are available through computer retail stores, resellers, major distributors and OEMs. The company can be reached at 1-800-MY-STUFF (800/697-8833), iomega.com and additional Iomega press releases can be accessed through the toll-free fax-back line: (888/88-IOMEGA). NOTE TO EDITORS: Iomega, Zip, Jaz, the Iomega logo and the stylized ''i'' are registered trademarks of, and Ditto is a trademark of, Iomega Corp. All other trademarks are the property of their respective owners. -------------------------------------------------------------------------------- Contact: Iomega Corp., Roy Susan T. Stillings, 801/778-3585 stilling@iomega.com Tyler Thatcher, 801/778-4362 thatcher@iomega.com - Michael Coley - wwol.com

To: Rocky Reid who wrote (47828)	2/13/1998 8:35:00 PM
From: Lurker	Respond to of 58324

<<"This is a huge victory for the consumer," said Nomai attorney Jeff Kingston, of Brobeck, Phleger, and Harrison. "It's going to give the consumer a choice.", I wholeheartedly agree.>> I am curious. Why is this a HUGE victory? Disk sales are expected to increase from 100 million to 200 million this year. Noumai's total capacity, which they cannot legally increase, is 10 million. So, 190 million disk purchases will still have to have to be real zip disks. In addition, zip disks can be bought for $8, if you buy them 10 at a time at Sam's club. Noumai disks cost $8.50, if you buy them in 1000 disk lots. 1. Why is paying 8.50 for a Noumai disk better for the consumer than paying 8.00 for a zip disk? 2. For those 190 million disk purchases that are unable to pay .50 more for a Noumai disk than a zip disk, they will still have to buy a zip disk. How are these consumers helped? Mike

To: Rocky Reid who wrote (47828)	2/13/1998 11:26:00 PM
From: FilerBill	Read Replies (2) \| Respond to of 58324

Rocky, If IOM were trading at a P/E of 50 I would be agreeing with everything you say. How many companies have you looked at closely. Not many. The bottomline is they are at least growing revs, have earnings, and are at a P/E in the 20 range. Lower than the whole friggin S+P! Why don't you go explain to the MSFT shareholders that their company has to grow, not 5%, not 50%, but 500% percent to fill out their P/E. They may need more planets full of people before that happens. When IOM gets way overvalued again and their technology really does seem to be challeged lets talk. For now, your just sour on the stock not analysing the future value.