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

To: s. bateh who wrote (49727)	3/12/1998 10:45:00 AM
From: John Lacelle	Respond to of 58324

Bateh, I was browsing a WSJ article on the worldwide PC sales. There was some interesting data. Right now, there is a glut of low priced PCs that were made before the recent trend toward "customer built" boxes. This has probably slowed Zip sales a little as most of these low priced computers are standard 3.5 floppy. However, as soon as the glut of low priced boxes is over, we still have to look foward too: 1) By the year 2000, annual sales of PCs should exceed 100 million! 2) Most of these will be built by the box makers to customer specs. My guess would be that internal Zips would be standard in about 80% of these machines. I would forecast that from Zip disk sales alone, IOM should see about 1 billion dollars a year in net profit. I don't think it gets any better than this. The new monopoly should be called "Wintelomega". I am buying leaps on INTC, holding my IOM stock, and since my mutual fund manager loves MSFT, I think its gonna be a good couple of years... GO IOM!!! -John