Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Ken Pomaranski who wrote (6754)	1/25/1999 6:40:00 PM
From: jmj	Respond to of 10072

Dear KP, I think the need for removable storage, and with the current offerings that means Zip can do nothing but greatly increase at least until the end of the year due to Y2K worries. These may be founded or unfounded, but it seems to me that ads that advise the PC owner to back up their "stuff" couldn't hurt, with every day bringing a Y2k story to their newspaper. Even if they don't understand it, they'll want to back things up just in case. Also as an aside, my wife is in a graduate program and was advised to get two zip disks, one for the current project, to turn in, then one to work on the next project...... zip is the standard at least at Clarion University..... For What it's worth. ] JMJ

To: Ken Pomaranski who wrote (6754)	1/25/1999 6:44:00 PM
From: D.J.Smyth	Read Replies (1) \| Respond to of 10072

KP; looking into whether the "new product" IOM is producing has to do with flash. ya just never know with these things. The Scottish engineers at Nomai must have been working on something (all this time). Nomai has enlarged their CD-RW offering: nomai.com noted is that Nomai continues to manufacture Syquest compatible disks (although this is for one earlier EZ version - doubt it would take much to gear Nomai to produce later Syquest version media. your comment <<Also, you are making the bad assumption that every new product Iomega makes will be incremental to revenues. Fact is, the removable storage market is finite in size, and Iomega already owns 85% of it, and still can barely make money. When they ship products in the same space, all they do is shift revenues from one product to another.>> they own 85% of the market, but have penetraded 7% of all sold (i.e., 7% of all box units sold will include, generally a zip drive). that leaves 93% left. as for the storage market being finite...weeell, it's infinite actually as far as time is infinite. the more time that passes, the more crap that needs stored, the more space needed to store. if you mean it's finite at any given time; yes, but, the full market hasn't been penetrated. nonetheless, phg is a likeable stock for some of the same reasons IOM is likable (emc and others).

To: Ken Pomaranski who wrote (6754)	1/25/1999 6:47:00 PM
From: FuzzFace	Respond to of 10072

<I've gotten a TON of mail / posts calling me pompous, arrogant, a fool, etc..... I love it...> So you're a glutton for punishment, eh? That's something you have in common with us IOM bulls. <g> P.S. What else do they say about you? I'm dying to know.

To: Ken Pomaranski who wrote (6754)	1/26/1999 9:10:00 AM
From: Michael Coley	Read Replies (1) \| Respond to of 10072

RE: Removable Storage Finite Market? Ken, I normally have a lot of respect for your bearish perspective, but I must disagree with the following statement: >> Fact is, the removable storage market is finite in size, and Iomega already owns 85% of it, and still can barely make money. When they ship products in the same space, all they do is shift revenues from one product to another. << The removable storage market is not a fixed size. It is growing. Before Iomega introduced the Zip, SyQuest and Iomega (basically the only two options) had a combined annual revenue of less than $500 million. Iomega didn't steal the removable market from SyQuest. They built a new market. As someone else has also pointed out, Iomega is under 10% penetration in the PC market. There's still a lot of room for growth there. Also, you can't think of removable storage only in terms of PC's. Iomega is now moving out of the box and into other devices. Digital cameras. PDA's. Printers. Scanners. GPS systems. The possibilities are endless. And don't forget about the "New Ventures Group" that Iomega just implemented. I think you'll see them expanding into other markets in the near future. - Michael Coley - wwol.com