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

To: j glad who wrote (3614)	11/8/1998 8:05:00 PM
From: Fred J. Ledo	Respond to of 10072

Does anyone know this guy? But Brian Goodstadt, an analyst with S&P Equity Group, said that he remains "pretty positive in the long run" about Iomega which, he said, has a strong brand name and remains the dominant company in a growing market. Plus, the demise of SyQuest may lessen pricing pressure on Iomega, he said. Still, the company must lower its costs and prepare to deal with future challenges from formidable competitors including Sony Corp., Goodstadt said.

To: j glad who wrote (3614)	11/8/1998 10:06:00 PM
From: Cogito	Read Replies (2) \| Respond to of 10072

J Glad - You say "I have heard that Costco and Circuit City are dropping the Zip drive". Exactly where have you heard this? You know that Iomega "dumped" $100 million in inventory last quarter? How do you know that? Can't speak for Costco, but on my last visit to CompUSA I noticed that Zip drives were strategically placed along one entire aisle just at the entrance to the store. Zip is also very well placed at J&R Computer World, one of the biggest New York City retailers of computers. I believe the most informative part of your post is the statement that you have shorted the stock. - Allen

To: j glad who wrote (3614)	11/10/1998 4:20:00 PM
From: Philip J. Davis	Read Replies (1) \| Respond to of 10072

A sales manager at Circuit City returned my call this afternoon. I asked him whether or not it was true that Circuit City would discontinue selling Zip drives. He replied that this was not true and in fact was absurd, explaining that Zip drives were their most popular and highest selling computer peripheral product. He said that he had heard that SyQuest was going out of business and that they had discontinued selling SyQuest product and that they had sent all of their inventory back to SyQuest. Philip