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Iomega verwacht groot Q2 verlies

Door , 1 reactie, bron: The Register

De zaken gaan niet fris bij Iomega, zo bericht The Register:

Iomega today warned that it will post a loss for its second quarter. It also said it was shutting two US manufacturing plants. Job losses there and at other US locations would total 450 redundancies, Iomega said.

The cuts will lead to a $18 million restructuring charge, but other charges will take the final figure to $45 million. And Iomega expects to post a loss of five to ten cents a share on top of that charge.

The company blamed the loss on poor sales of its Jaz removable hard drive system and Jaz media, and its ongoing problems getting the new Clik drive out of the door. [break]Meer info over de situatie bij Iomega in een nieuwsbericht van ZDNet:[/break] Floppy diskettes store only 1.44MB of data, but the 15-year old technology is behind the travails of removable disk drive maker Iomega Corp.

"The removable drive of choice is still the floppy," Baker said. "You talk to the guy on the street and even though floppies are not very useful, that's what they're using." Iomega has tried to displace the floppy for more than three years, plugging its 100MB, and now 250MB, Zip drive technology. But it hasn't worked.

"In general, the whole market for the Jaz class of product has gone flat," said Baker. "It's not just Iomega, but other companies as well."

Door Femme Taken


20-06-1999 • 04:31

1 Linkedin Google+

Bron: The Register

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