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Tuesday, February 24, 1998 Monday, Iomega closed at $8 7/8, up $1/8 (+1.43%). TODAY'S RECAP: Iomega appeared in numerous articles in recent days (USA Today, N.Y. Times, Computer Shopper and more) and message board posters had something to say about many of them -- correcting, disagreeing, emphasizing and more. Other posters looked at Iomega's competition, building space leasing and . . . UFOs? Enjoy! INDEX: Use the Search or Find feature of your word processor to locate the article number (Find: 1++, 3++, etc.) - or use AOL's Edit>>Find in Top Window Feature. If Find in Top Window is dimmed, just click on some text, anything, in the IOM Today window and try again.
1++ DMccoy4428 provides info on the March Computer Shopper article, "Farewell
to Floppy."
Recap written and posts compiled by TMF Weekly. _______________________________ And now, the Best of the Board...Started 6:00pm ET 2/22/98. 1+++++++++++++++++++++++++++
Subject: Farewell to Floppy
Computer Shopper-March 98 The article basically says that the floppy is going and either Zip or Ls120 will replace it. The most important part of the article is he points out why the 'old' floppy has lost it's usefulness. He is slightly off on his facts, (for instance says nec supports ls120) but does point out Zip's strong lead. He doesn't tout one over the other, but I believe every article like this should sell a lot more zips. (They have 85% market share) ;-) Also, they have a chart of pc's using removable disk cartridge drives and it is titled "Zipping Along" 2+++++++++++++++++++++++++++
Subject: Re: ..repeat stuff.. << Huibs... I'm a long timer on this board, and I have come to look forward to reading your contributions to the board. But aren't you getting carried away with this one? I mean 5,000 square feet ain't much. My brother-in-law's house has more space than that. (if you count the garage and basement.) >> ..ok, how's 132,700 square feet??.. Catellus to build on S. San Jose's budding markÉ http://www.amcity.com/sanjose/stories/current/newscolumn2.html "Carr has finalized negotiations with Iomega Corp. to lease two buildings totaling 132,700 square feet in the park, according to Byron Woodworth, Carr's vice president of marketing for Northern California." 3+++++++++++++++++++++++++++
Subject: Re: Analysis of IOM - Bulls and Bears take note MailMogul states: << The good news is that it is unlikely that any company will unseat Iomega as the king of removable storage. The bad news is that the competition could slow Iomega's quest for market share enough that it will finally fall victim to the internet. You see, there will be a time (probably 5 to 10 years away) when every computer owner will have an internet account with their own e-mail. And at this time, access times to the internet will be 10x what they are today. If someone wanted to trade information with someone, they can e-mail them the file. If someone wants to back up information there will be service where they can store up to a gigabyte of information for $20. It is a heck of a lot easier than finding which Zip or Jazz you put the file on, and their media will never go bad, since it will be backed-up. Basically, there would be no need for the Zip except to use any old Zip disks one has. So Iomega has a limited window in which to dominate the desktop. With the momentum Iomega has going, I peg its chance of success at 60%. >> Very interesting theory, however, did you consider the following: 1. Most people have private "stuff" that they don't want to post on the internet even if there is so called "security" there. certainly trade secrtes, costs of production, marketing plans, advertising copy, costs, schedule, mefia used, etc. Need I go on? 2. Can competitors hire hackers to steal your company or personal secrets from the "secure" internet website? Would you want to risk it or hold the dat on a Jaz or Zip disk or Ditto tape stored in your vault which is substantially more secure. 3. How many times have been unable to connect or beenm thrown off when a website or server went down? If you had your Zip or Jaz disk handy what is your time element? 4. There is this service on the internet right now. I don't think ir has been very successful the last time I checked several months ago. Need I say anymore? 4+++++++++++++++++++++++++++
Subject: Are UFOs bullish or bearish TA signs? Caution: The following is meant in jest, in the spirit of humor, in the hope that it will jolt our board back to a little more useful discussion. (For the record, I tend to believe that Iomega will succeed in the future, but that is only IMHO....) In any case, I couldn't resist sharing the following little tidbit, seeing as this board continues to devolve in a succession of useless posts (i.e. "it's gonna crash to 5!" or "it's gonna boom to 18!", each without any hint of reasonable analysis....C'mon, people, I don't care if you are bullish or bearish, just have a little substance!). Anyway, the really important news is: The Art Bell program, a talk-radio show with substantial coverage of conspiracy theory, fringe-beliefs and occult phenomena (kind of like the Iomega discussion board, He-He!) has this report of 2/17/98: 75 Iomega employees in Roy Utah claim to see a UFO the size of 5 football fields! Is this why there is this rumor of moving offices? (See www.artbell.com for more info) Don't you love it? Now, back to our usual insightful analyis. LOL 5+++++++++++++++++++++++++++
Subject: Re: Jesse Berst's Swipe at Iomega Now that Iomega is officially beleaguered it looks like we're in for more of the same sloppy off-the-top reporting that typified coverage of Iomega and the whole removable story in the first couple of years. --It's interesting to see in the midst of another Iomega gloss that the writer accepts readily the idea of the lawsuits as ``frivolous,'' another conclusion drawn by most of us Internet kooks from the beginning if these filings. --In the storied tradition of reporter confusion about the removable storage industry, the author says a court order was lifted against sale of Nomai's ``Zip-compatible drives'' in this country. -- And, let's see, we get the obligatory and again inaccurate mention of a ``worldwide recall of Jaz drives'' when the problem was in the disks, if I'm not mistaken, and it was just about a full year ago that that happened now, anyway, for heaven's sake. The use of the word ``worldwide'' is plainly pejorative in this case. Bad writing, sloppy editing. --headline ``High Flyer Turned Kamikaze?'' is the sort of half-clever head you'll see in bad newspapers. It's lousy. Kamikaze pilots deliberately took their own lives in last-ditch raids. This would more accurately describe Syquest's pricing strategies. If Iomega crashes it will not be a deliberate act. --Bob commented on the Click of Death. Interesting that the writer uses an unnamed Internet posting to support inclusion of this ``problem.'' Presumably, since the complainant was not one of the Iomega online ``cyber-faithful'' that his credibility is unquestionable. It's also a little odd that the posting mentioned 150 Zip drives but that the poster was darned if he would send ``four units back and wait.'' Confusing. To the author's credit, Iomega was actually represented and quoted throughout the story. But that doesn't excuse the lazy bias of the story and doesn't explain why, as Bob pointed out eloquently, these sorts of articles continually focus on Iomega's weaknesses without bothering to take a decent look at the strength or story of the competition. _______________________________ End Report. Posts covered through 9:00pm ET 2/23/98. _______________________________
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