IOM - Iomega Corporation

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The original cult stock!



About Iomega

Iomega Corporation, headquartered in San Diego, is a worldwide leader in innovative storage and network security solutions for small and mid-sized businesses, consumers and others. The Company has sold more than 400 million digital storage drives and disks since its inception in 1980. Today, Iomega's product portfolio includes industry leading network attached storage products, external hard drives, and its own award-winning removable storage technology, the REV(R) Backup Drive. OfficeScreen(R), Iomega's managed security services, which are available in the U.S. and select markets in Europe, provide enterprise quality perimeter security and secure remote network access for SMBs, which help protect small enterprises from data theft and liability. To learn about all of Iomega's digital storage products and managed services solutions, please go to the Web at http://www.iomega.com. Resellers can visit Iomega at http://www.iomega.com/ipartner.

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Broke over $3 today, worth watching here, resistance at $3.25 and droves of die hard IOM traders willing to play the stock at any moment.

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Whoa! The end of an era..

Traders from the 90's will always remember the crazy IOM days.

AN FRANCISCO (Reuters) - EMC Corp (EMC.N: Quote, Profile, Research) said on Tuesday it agreed to buy Iomega Corp (IOM.N: Quote, Profile, Research) for about $213 million in cash to expand in the consumer and small business markets.

EMC, the world's largest data-storage provider, said it is offering $3.85 per Iomega share, 5.8 percent more than Iomega's Tuesday closing price of $3.64.

EMC said the acquisition, expected to be completed in the second quarter, will have no material impact on EMC's finances.

Iomega was an investor favorite and a hot stock during the 1990s but fell out of favor after the technology bubble burst. It retains a strong brand name among consumers.