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

To: Jim Duffett who wrote (56901)	6/29/1998 1:35:00 PM
From: Kevin	Respond to of 58324

IOM CEO sees unspecified 3Q charge related to Naomi purchase.

To: Jim Duffett who wrote (56901)	6/29/1998 1:51:00 PM
From: John Solder	Read Replies (1) \| Respond to of 58324

Now if IOM can only buy 53% of Sony we would really be in business.

To: Jim Duffett who wrote (56901)	6/30/1998 2:02:00 AM
From: Tim Kenney	Read Replies (1) \| Respond to of 58324

>The future of IOM is a little brighter today than it was yesterday.< A bear (moi) agrees. However, what else does this news tell us? Could it be that IOM's patents weren't so iron-clad after all, in spite of all the Nomai naysaying being done round these parts? Secondly, if Nomai can do it, why not someone else? Let's face it, Nomai is not exactly a world class leader in tech. If they were, they would not allow themselves to be bought out by the like of Iomega. Nevertheless, the buy-out was a good move on IOM's part. I have always said that I questioned two bullish tenets: 1) That Zip would become the standard; 2) That it was "the disks stupid," since I felt it possible to produce Zip-compatible disks. Of course, these words (and many others) may have been uttered under another nom de plume. It is clear to me that the Zip has not and will never become the standard, so that still holds firm. Secondly, Nomai has proven that the disks are engineerable without patent violation, but they have now been taken out of the picture. However, if and when Zip becomes even more popular, someone else would surely come onto the scene. So, I will reevaluate my short position, but will probably leave it unchanged.