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

To: rll who wrote (53237)	4/21/1998 12:37:00 PM
From: jackdog	Read Replies (2) \| Respond to of 58324

Hey Rocky: Momentum Builds for Clik! 8 1/4, Are you panicking yet short stuff LOLOL!!!! Jack Products, Iomega Announces Letter of Intent for Licensing Agreement With NEC; Japan's Top Computer Manufacturer Expected To Offer Clik! Drives This Year ROY, Utah--(BUSINESS WIRE)--April 21, 1998--Iomega Corporation (NYSE:IOM) today announced a letter of intent signed with NEC Corporation of Japan that, if finalized in a binding agreement, would grant NEC non-exclusive worldwide rights to manufacture and market Clik! mobile storage drives to worldwide retail channels and original equipment manufacturers (OEMs). Under the anticipated license agreement, NEC would also develop new varieties of Clik! drives. "NEC currently builds Iomega Zip drives for distributor and OEM sale, and our relationship with Iomega has allowed us to satisfy our customers' demands for greater personal computer storage," said Mr. Tadanobu Furukatsu, vice president and executive general manager, NEC. "Just as NEC has contributed to the success of Iomega's Zip drive by increasing its availability, we intend to contribute to the advancement of Clik! products into the storage market for handheld and portable computers." The Clik! drives are designed to provide removable storage via 40 megabyte (MB) Clik! disks and to be an ideal storage companion for today's portable products, including digital cameras, handheld personal computers (HPCs) and smart cellular phones. And, with the potential to connect to virtually any portable digital or desktop product, customers will be able to easily share information between products and synchronize with a desktop computer. "As with Iomega-built Clik! drives and disks, NEC Clik! drives are expected to be ready to ship to users and manufacturers of digital cameras and handheld personal computers worldwide during the second half of 1998," said James C. Kelly, vice president and general manager of Iomega's Mobile Storage Division. "We expect the widespread availability of convenient, affordable removable storage to enhance the growing market for digital cameras and handheld personal computers." The Clik! product family is designed to provide consumers with convenient removable storage, providing them with the ability to store unlimited near-35mm (megapixel) quality digital pictures without immediate downloads to a PC, and to enhance the use of pocket versions of popular desktop applications like Microsoft PowerPoint and Microsoft Excel on handheld computers. The mobile (external) and OEM Clik! drives are expected to be available in the U.S. during the second half of 1998. The mobile drive is expected to have a suggested U.S. retail price under $200. Clik! disks are expected to be available in the same time frame for a suggested U.S. retail price of $9.95.