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

To: Cogito who wrote (58236)	2/6/1999 12:44:00 AM
From: Herb Fuller	Read Replies (1) \| Respond to of 58324

>>>Interesting post taken from the Iom Fools Thread <<< ==================================================================== W7 : A couple of comments from today's meeting of all operations people at Iomega- Inventory half what it was at peak, now 10 turns. Defective product in the .1% range. Margin up sharply to 28%. Unit sales up 35%, revenue level. Lots of Zip USB and 250 shipped, customer problems even lower than established product. Retail warranty rate down by half vs. last year. Six Sigma program producing serious results. The marching orders: cut defects in half, every year from now on. I have to say it was a heartwarming meeting. boards.fool.com ===================================================================== Also : Heard on cnnfn ( Digital Jam session ) tonight Andrew Barrett from Soloman Smith Barney in response to a call about Iomega said the following . 1. Iomega is going through a management change . 2. Iomega now owns the removable storage business because of their competition going out of business . 3. He said that Iom could be at $15.00 in 5 to 6 months Herb