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

To: FranW who wrote (48658)	2/23/1998 8:27:00 PM
From: Spank	Read Replies (1) \| Respond to of 58324

There are some key paragraphs about the court ruling... fast.quote.com "However, the Amsterdam Court's ruling on Iomega's light baffle puts consumers at risk of inadvertently damaging their notebook Zip drives which may result in unrecoverable data loss. This aspect of the court's decision is a setback for consumers." The light baffle in Iomega notebook Zip drives serves to protect consumers from accidentally damaging the drive's heads by inserting an inappropriate disk, such as a conventional 1.44 megabyte floppy disk, into the drive. In reaching its Feb. 11 decision, that the XHD disk was not compatible with notebook Zip drives, the U.S. District Court for the Northern District of California found Iomega's argument about the inclusion of the light baffle to protect Zip drives to be compelling. There is an increased risk that users will attempt to insert floppy disks or other inappropriate disks into a notebook Zip drive since the same bay is used, interchangeably in many notebook computers, for floppy drives and Zip drives. The invention of the light baffle predates any knowledge on the part of Iomega concerning the XHD reflector. In fact, Iomega filed a U.S. patent application on the invention prior to ever learning about Nomai's intent to use a concave reflector. "Any claim that our light baffle design was implemented to prevent competition is simply untrue," said Keating. "The design of the light baffle into Zip notebook drives was found to be necessary for proper discrimination in the slimmer profile drives to prevent possible danger caused by inserting foreign objects into the drive."

To: FranW who wrote (48658)	2/24/1998 12:14:00 AM
From: Reseller	Respond to of 58324

Re: IOM 1 win 1 loss in. Reading Michael's response to Truff about the reason why he was staying in IOM he had stated that the fundamentals hadn't changed and until they do the investment is deemed worthy.( I agree, a very nicely written reply ) On the 27th of this month we might see a defining ruling on the patient violations claims that Iomega has against Momai. Although I fully expect Iomega to succeed in this issue I didn't expect IOM to be in the environment that it's in. Actually didn't expect a lot of things with IOM lately. Holding long until I can see whether or not IOM can win the one that counts. I am rating this as a short term hold limited exposure, if a favorable ruling comes on the 27th than changing to a short term buy with a strong upward bias. Kind of quite tonight. Reseller