Zip drive revives a maker of storage devices
Article Abstract:
Iomega is enjoying a resurgence in sales, if not in profits, thanks to the Zip removable-disk drive. Iomega lost $14.5 million in 1993 and $1.9 million in 1994. The Zip drive is earning excellent reviews in the press and driving Iomega sales to $52.6 million in 2nd qtr 1995, up 60% from sales in 2nd qtr 1994. The $200 Zip plugs into the back of a computer and stores information in removable cartridges. Each cartridge costs approximately $20 and stores 100MB of information, 70 times the amount a floppy disk can hold. Analysts see continued sales of the cartridges providing as much as 40% of Iomega's future revenues. Iomega Pres and CEO Kim B. Edwards brings consumer marketing experience that will be valuable, since Zip's target market is small-business and home users. Iomega is pursuing plans to get Zip built into computers. The company has heavy back orders for Zip and is searching for more manufacturing partners.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1995
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New ways to store backup copies to celebrate file clean up month
Article Abstract:
SyQuest Technology's EZ135 and Iomega's Zip removable cartridge drives provide the most practical and inexpensive solution to data storage problems. Today's diskettes can only store 500MB to 1,000MB each and offer a cumbersome and time-consuming backup process. In contrast, the removable disk drives allow users to record unlimited amounts of information, as long as they change the cartridges. The $200 Zip comes with a single cartridge which is a little larger than an ordinary diskette. The cartridge stores 100MB, and extra cartridges cost $20. The data transfer rate from a hard disk to the cartridge is 1 MBps. The $240 EZ135 comes with a single cartridge that holds 135MB. Replacements cost $20. The EZ135 transfers data at 2 MBps, although the unit is twice the size of the Zip. Either drive would satisfy the needs of most users.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1995
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A new drive for portable storage
Article Abstract:
Iomega's Zip drive offers computer users a removable storage option that can help coordinate cluttered hard drives. The drive weighs about one pound and plugs into the SCSI port of a Macintosh or PC. The drive is priced at about $200 and takes 100MB disks that cost about $20 or less and hold 1.1MB. The Zip is not a great deal slower than the hard drive and can be used for active programs and documents as well as backed-up files. The installation process appears straightforward, but any number of difficulties may be encountered. When installation goes awry, obtaining technical support from Iomega, via the telephone or its Web page, is nearly impossible. A company spokesperson indicated that the telephone system is being upgraded, but the Web page is still under construction.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1996
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