Will The Zip Drive Become The Standard And Replace The 3 1/2 Floppy???
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Sergio:
While I'm not a computer techie, it seems to me that we are beginning to move away from the Floppy as the standard disk drive media to the Zip Drive... If so, Iomega presents a very compelling investment oppty for the intermediate to long term... Here is the latest of their eye opening news releases:
Jim
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Iomega Zip Drives Offered at Several Leading New
York City Hotel Business Centers and Service
Bureaus
Zip Is the Digital Briefcase for PC Expo Attendees
ROY, Utah--(BUSINESS WIRE)--June 11, 1998--Iomega(R) Corporation (NYSE:IOM -news) today announced that Zip(R) drives are available at several leading hotel business centers and over 160 professional service bureaus in New York City.
The broad availability of Zip drives makes genuine 100MB Zip disks an ideal digital briefcase for PC Expo next week. PC Expo is the largest corporate computing tradeshow in the United States drawing nearly 100,000 business professionals to New York City for the 3-day event, June 16-18.
Iomega's genuine 100MB Zip disk is an easy way to replace the cumbersome leather briefcase as a more efficient way to transport proposals, memos, presentations, weekly schedules, contact information and other important documents.
Zip drives are currently available in the business centers of suggested PC Expo Hotels including the Grand Hyatt New York, the Helmsley New York and the New York Hilton and Towers. Hotel guests can use Zip drives to quickly print their electronic files directly from a Zip disk, making it easy and convenient to copy and send business documents directly from the hotel while at PC Expo.
''Our business centers are designed to make being away from the office as easy as possible. By including Zip in our business centers, hotel guests will have the convenience of accessing their important information while on the road,'' said Colleen Rooney, director of public relations for the Grand Hyatt New York.
Conference attendees will also find Zip drives at professional service centers in New York City, including Kinkos, Mail Boxes, Etc., PIP, Sir Speedy and AlphaGraphics. These service bureaus offer Zip drives so customers can have access to their digital information for high quality printing and production.
Conference attendees can also find Zip drives at PC Expo (Jacobs Javits Convention Center) in Iomega's booth No. 4534.
The ubiquity of Zip makes it easy for customers to access the important information they need for work at any time. With more than 14 million Iomega Zip drives shipped, consumers can find Zip drives nearly everywhere, making it easy to save, share and transport their digital stuff while on the road. Over 2,300 service bureaus in the United States currently offer Zip drives in their stores.
Iomega also announced earlier this week that Compaq Computer Corporation [NYSE:CPQ - news] will be including Zip drives as a standard feature in the majority of its new Presario consumer desktop product line including the 5030, 5032, 5035, 5140, 5610, 5630 and 5635 models.
In addition to Compaq, Zip drives are available through all major OEMs including Acer, Apple, Compal, Chicony, Clevo, Dell, Gateway, Fujitsu, Hewlett-Packard, Hitachi, IBM, Texas Instruments, Micron, Motorola, Packard Bell/NEC, Siemens Nixdorf, Sony, UMAX and Unisys.
Each genuine 100MB Zip disk provides 70 times the capacity of traditional floppy disks, giving consumers virtually unlimited capacity with their PC. Fast enough to run business and multimedia applications, the Zip drive brings a new level of performance to today's powerful personal computers.
Iomega's Zip Tools software, also included with Zip drives, makes it easy for consumers to manage and save their information. Iomega Zip drives and disks are available worldwide through retailers, OEMs, VARs, system integrators and distributors.
Iomega Corporation manufactures personal read/write storage solutions that help people manage their stuff -- anywhere. Iomega's products provide consumers with what they want, when they want it, at a reasonable price.
The company's industry standard storage solutions, designed for all types of computer users, include Zip drives and genuine Zip 100 disks; Jaz(R) one- and two-gigabyte drives and disks; and Ditto(TM) tape backup drives and tape cartridges.
Whether used in homes, business, government or education, or by creative professionals, all Iomega storage solutions ensure high levels of quality and reliability when using authorized Iomega media products.
Iomega products are available through computer retail stores, resellers, major distributors and OEMs. The company can be reached at 800/MY-STUFF (800/697-8833) or on the web at iomega.com. Additional Iomega press releases can be accessed through the toll-free fax-back line: 888/88-IOMEGA.
Note: Statements contained in this release relating to the availability of Zip Built-In in Compaq Presario PCs are forward-looking statements.
There are a number of important factors that could cause actual events to differ materially from those indicated by such forward-looking statements including commencement of Compaq Presario shipments, market acceptance of, and demand for, Iomega's drives and removable disk products, manufacturing, development and distribution issues, product pricing, competition, intellectual property rights and other risks identified in Iomega's 1997 Annual Report and Form 10-K and most recent Form 10-Q as filed with the SEC.
Note to Editors: Iomega, Zip, Jaz and the stylized ''i'' logo are registered trademarks of, and Ditto is a trademark of Iomega Corporation. All other products and brand names are the property of their respective owners. For maximum reliability, use only genuine Zip 100 disks featuring the genuine Zip 100 symbol in your Zip drive.
Contact:
Iomega Corp., Roy
Susan T. Stillings, 801/778-4668
stilling@iomega.com
or
Copithorne & Bellows
Charaighn Foss, 415/538-7507
or
Iomega Corp.
Tyler Thatcher, 801/778-4362 (Investor/Analyst Contact)
thatcher@iomega.com
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