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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Traderhic who wrote (6655)	1/10/1999 7:40:00 PM
From: Smiley	Read Replies (1) \| Respond to of 90042

The only thing that is keeping IOM at it's too-high current level is the fact that new PC makers are shipping new computers with built-in ZIP drives. They are only doing that because they beat everyone to the market with a 100 meg. floppy drive. However, there is strong competition from other makers of similiar and much better built drives. Once any major computer maker (Dell, Compaq, Micron) make the switch to another companies standard, the stock will be under a buck. Look at what happened to Syquest two months ago. They closed their doors. Iomega is struggling to swim against the tide. Unfortunatley their products and technical support are terrible. I wouldn't touch Iomega stock. (Even though I have one of their internal zip drives and it has never worked right)