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

To: Naggrachi who wrote (51759)	4/1/1998 11:49:00 PM
From: Philip J. Davis	Respond to of 58324

The only sign, if you could call it that would be the availability of refurbished $199 Jaz 1GB drives. I have even seen Jaz drives at Egghead.com for $150. egghead.com Philip

To: Naggrachi who wrote (51759)	4/2/1998 12:48:00 AM
From: Reseller	Respond to of 58324

Hi Zead You pose a tough question. s.b. is reporting on a distributor that is responsible for around 12 to 14% of IOM's sales and IOM is still the leader to the sum of some 80%market share when he says it's a lot of product going thru it's because it is. I could verify what he's saying but too lazy and was glad to see him come along with better analysis than I was giving. The volumes have always been impressive. The impression that management gave me wasn't that growth had slowed considerably but that Jaz sales were off due to confusing the market with the announced shipment of the Jaz II and the shift to a greater proportion of OEM Zip sales to Retail sales. IMO the retail parallel port drives have seen their better days and have stated many times that further growth in this arena will require price reductions. We still haven't seen a retail internal ATAPI drive which IMO is where they need to go. This quarter is set up to take all the losses they can gather into it, any time new leadership takes over it lends itself the opportunity to pack the last quarter with every expense that they find and blame it on the last guy's watch. IMO the only thing that could prevent this is the bad news already present and the stock value is badly hurt, they may not want to hurt it further. My bet is saying that they were as surprised as everyone else with the stock value and did all they could to reduce costs and move product to improve the quarter. Regards Reseller