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

To: Naggrachi who wrote (52478)	4/14/1998 1:33:00 PM
From: BBG	Read Replies (1) \| Respond to of 58324

ALL: Thought everyone would "enjoy" Herb Greenberg's latest IOMEGA bash from his column on THESTREET.COM ENJOY :-) From the "help wanted classifieds'' in this ay-em's WSJ: "President - CEO. Iomega (IOM:NYSE)...We are looking for a seasoned, mature individual of proven competence to take Iomega from its present sales level of approximately $2 billion to the $10-plus billion level in the years ahead...Our corporate goal is to make our Zip product a standard, ultimately replacing the floppy disk on PCs.'' Never mind that the company is resorting to the classifieds to find a new boss. Never mind that it's touting a $10 billion figure for its future growth. (Can'tya just see the chat boards when they get hold of that?) Never mind that demand for its new products is lackluster, at best. The real story is that the market for the Zip is mature, competition is beating down the door and quite a few OEMs have even dropped the Zip. Yet these guys are still hanging onto the dream that the Zip'll become the standard. Maybe that's why ex-CEO Kim Edwards quit. CIAO JD