Tuesday, July 27, 2004
Iomega Cans DCT Technology
Posted by Janak Parekh in "NEWS" @ 05:00 PM
"Iomega is to ditch its consumer-oriented 1.5GB micro removable drive system, DCT, and focus on business products in a bid to recover from its financial woes, the storage company said this week. It also posted a widening $19.8m (38 cents a share) loss on sales totalling $77.6m for its second fiscal quarter, which ended on 17 June 2004. Those figures mark a fall in revenue of 23 per cent on the year-ago quarter, when it lost $4.4m (nine cents a share)."
Ouch. We posted on the DCT tech some time ago, and most of you guys were accurately skeptical. Flash, CF Microdrives, and optical solutions have essentially taken over the entire removable media market. Does anyone want to place bets on when Iomega finally breathes its last?
Ouch. We posted on the DCT tech some time ago, and most of you guys were accurately skeptical. Flash, CF Microdrives, and optical solutions have essentially taken over the entire removable media market. Does anyone want to place bets on when Iomega finally breathes its last?
