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Non-Tech : Iomega Thread without Iomega -- Ignore unavailable to you. Want to Upgrade?

To: eric larson who wrote (2648)	10/27/1998 6:27:00 PM
From: eric larson	Read Replies (3) \| Respond to of 10072

News: "Iomega Announces Major New Initiatives for Nomai, S.A" newsalert.com M2 PRESSWIRE-27 October 1998-IOMEGA: Iomega announces major new initiatives for Nomai, S.A. (C)1994-98 M2 COMMUNICATIONS LTD Iomega Corporation (NYSE:IOM) has announced the results of a preliminary three-month review into the future direction of Nomai, a company acquired by Iomega during July and August of this year. The deal, worth US$4million, gives Iomega ownership of approximately 98% of Nomai shares. Highlights of the review include the revamping of Nomai's existing CD-RW drives and work on developing new products. The Avranches headquarters of Nomai, near the Mont Saint-Michel, has also been selected as the European production-base for Iomega's Clik! disks. Iomega stated today that Nomai will be among the first in the industry to bring preformatted CD-RW discs to market. These discs will enable users to save at least one hour traditionally needed to format such discs. A higher-capacity professional (4x) CD-RW drive is expected to be produced by Nomai in the first quarter of 1999. This new product will complement Nomai's existing (2x2x6) drive aimed at home users. Nomai's new General Manager, David Henry, also confirmed today that the company will continue to sell SyQuestAE-compatible media as well as Nomai 540 and 750 media. The Albi- based Nomai factory, near Toulouse, will continue producing the 1.44MB floppy disks as private-label brands and will also continue to evaluate new production opportunities. Turning to Nomai's R&D capability, David Henry stated today that key projects would be continued at the company's research establishment at Dunfermline, near Edinburgh, in addition to Avranches and Albi. In particular, Nomai engineers are investigating other optical solutions such as DVD and additional CD-RW options. ... Summing up the moves announced today, David Henry said, "Nomai plans to expand its optical capabilities and could potentially become the largest worldwide producer of Clik! disks. With this capability, Nomai now has a major stroke in the future of Iomega's Clik! technology. In return, Iomega now has a foothold in the optical removable storage market. Iomega is laying the foundation to ensure that it continues to offer customers what they need in terms of price, product range and quality in both the magnetic and optical fields." ...