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

To: Mel Boreham who wrote (51538)	3/29/1998 10:29:00 AM
From: isdsms	Read Replies (1) \| Respond to of 58324

Mel, Great post! When Kim edwards came on board, I am pretty sure the zip was on the drawing board. They followed up with the Jaz drive which was delayed for a very long time after its original stated arrival date. At this point, the company should have been sold to a disk drive maker. To expect Iomega to follow up the Zip drive with a winner was asking too much. R&D has wasted millions. I hate to say this, but n-hand was reincarnated as Clik because it had failed to get support or they could not get it out of the gate early enough to grab a nitch. N-hand - Clik is why Edwards is gone and is why this company is shot. It was a flawed concept that's only shot was if they got it out 1.5 years ago and had a caddy making it Zip compatible. If someone would buy them out tomorrow, which is highly unlikely due to some of their unethical dealings in the past, ie: offering at $35 when the stock was trading in the 40's, they would drop Clik like a bad habit. Iomega is Zip drive. The Jaz sales will slip due to competition. It is old technology. If Sony ever comes out with a drive that is priced right, and I tend to doubt it, Iomega will be cooked. If I were a member of the B.O.D., I would push to put the company up for sale now! Regards, Ira

To: Mel Boreham who wrote (51538)	3/30/1998 2:17:00 AM
From: Steven Seefeldt	Respond to of 58324

Thanks Mel for your input. I share your insights and comments. I hope our investment keeps moving on the right track. Oh, I just bought a three pack of Zips Disks today. Have a great week , Steve S