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

To: Alan Rosen who wrote (58179)	1/13/1999 11:37:00 AM
From: Mel Boreham	Read Replies (1) \| Respond to of 58324

Alan, yes I think that it is an overall plus to get the intellectual property of Syquest as well as the potential of picking up some of their best engineers and production specialists. The machinery is also a good buy as I am sure it can be adapted to producing Zip and Jaz disks just as well as the older Syquest products. Now will Iomega also decide to support Syquest media for current owners of Syquest drives? After all the money IS in the Disks... or so I've heard. This will be an interesting story to follow. You are right, this definitely takes one competitor out of the game without worrying about another company coming along with deep pockets who would like to go up against IOM. Good move in the long run IMO.. Will be get back to 9+ later today? I think so. Mel

To: Alan Rosen who wrote (58179)	1/13/1999 4:59:00 PM
From: Bill Fischofer	Respond to of 58324

Re: SYQT sale This is a fantastic deal for IOM and its shareholders. IOM now has a near-monopoly on the removable drive market and will be able to pursue SYQT's pending IP and trade secret claims against Castlewood for its own benefit. In addition, this now gives IOM's Nomai unit something useful to do since they were in the SYQT-compatible media business before they successfully greenmailed IOM last year. I'm sure there will be a tidy profit to be made in supplying media for the now-obsolete SYQT install base as well as ample opportunity to convince that base to convert to the main IOM product line over time. At $9.5 million IOM and its shareholder got a bona fide bargain.