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Iomega related Technical Updates [Page: 3 of 4] @ TACKtech Corp. |
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San Diego, October 15, 2008 — Iomega, an EMC company (NYSE: EMC) and a global leader in data protection, today announced the worldwide availability of the new Iomega® StorCenter™ ix2, the most advanced and easy-to-use network storage appliance for small businesses and the home. With just four mouse clicks, users can configure up to two terabytes of storage and advanced information management, protection and sharing software that can be connected to multiple devices, including wirelessly with Bluetooth, to manage their ever-increasing digital world.
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Full View / NID: 24762 / Submitted by: TACKtech Team
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SAN DIEGO, California - September 17, 2008 - Iomega, an EMC company (NYSE: EMC) and a global leader in data protection and security, today announced the exciting new Iomega® eGo™ Helium portable hard drive USB 2.0 320GB*, a perfect match for the style and incremental storage needs of Apple's revolutionary MacBook Air™ notebook.
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Full View / NID: 24265 / Submitted by: TACKtech Team
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SAN DIEGO, California - August 6, 2008 - Iomega, an EMC company (NYSE: EMC) and a global leader in data protection and security, today announced the new Iomega® ScreenPlay™ TV Link, making it convenient and affordable to access multimedia content on any high-definition television or home theater system. Complete with full-function remote control, the new ScreenPlay TV Link features an easy-to-use USB port for attaching compatible storage devices and enjoying high quality movies, music and photos from the best seat in the house.
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Full View / NID: 23472 / Submitted by: TACKtech Team
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Iomega Corporation, an EMC company (NYSE: EMC) and a global leader in consumer and small business data protection, today announced an industry first in integrating local and remote backup in a single product offering. Iomega external hard drives are now rolling out with a new downloadable software bundle that integrates EMC® Retrospect® Express backup and recovery software with Mozy™ online backup service, vastly improving the convenience of securely storing, protecting and accessing important files.
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Full View / NID: 22996 / Submitted by: TACKtech Team
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SAN DIEGO, June 10, 2008 - Iomega, an EMC Company (NYSE:EMC), and a global leader in data protection and security, today announced the North American launch of the new Iomega® DVR Expander Drive, a 500GB* external drive that increases the storage capacity of digital video recorders. The new Iomega DVR Expander Drive expands users' digital video recorder (DVR) storage capacity by as much as 300 hours of standard-definition TV or 60 hours of high-definition TV.
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Full View / NID: 22354 / Submitted by: TACKtech Team
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SAN DIEGO, May 29, 2008 - Iomega Corporation (NYSE: IOM), a global leader in data protection and security, today announced that stylish data security has reached the 1TB* plateau with the worldwide introduction of the Iomega® eGo™ 1TB Desktop Hard Drives.
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Full View / NID: 22157 / Submitted by: TACKtech Team
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SAN DIEGO, May 22, 2008 - Iomega Corporation (NYSE: IOM), a global leader in data protection and security, today announced the new Iomega® eGo™ Leather Portable Hard Drive, the new luxury "must have" gadget and the perfect on-the-go portable storage device for today's business executives and fashionistas alike.
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Full View / NID: 22062 / Submitted by: TACKtech Team
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SAN DIEGO, May 9, 2008 - Iomega Corporation (NYSE: IOM) today reported net revenue of $95.9 million and net income of $1.9 million, or $0.04 per diluted share, for the quarter ended March 30, 2008. In comparison, first quarter 2007 net revenue was $76.0 million with net income of $1.1 million, or $0.02 per diluted share Additional information about Iomega's first quarter financial results is contained in our first quarter 10-Q, filed today with the SEC.
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Full View / NID: 21868 / Submitted by: TACKtech Team
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SAN DIEGO, May 7, 2008 - Iomega Corporation (NYSE: IOM), a global leader in data storage and protection, today announced the worldwide introduction of the new Iomega® eGo™ USB 2.0 Camo Portable Hard Drive, a camouflaged patterned addition to Iomega's award-winning line of stylish and sturdy portable hard drives.
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Full View / NID: 21796 / Submitted by: TACKtech Team
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HOPKINTON, Mass. and SAN DIEGO, Calif. , April 25, 2008 - EMC Corporation (NYSE: EMC), the world leader in information infrastructure solutions, and Iomega Corporation (NYSE: IOM), a global leader in data storage and protection for consumers and small businesses, today announced that EMC commenced a cash tender offer for all outstanding shares ("Shares") of the common stock of Iomega at a price of US$3.85 per share, net to the seller in cash. The cash tender is being made pursuant to the Offer to Purchase, dated April 24, 2008 and in connection with the Agreement and Plan of Merger, dated as of April 8, 2008, among EMC, Emerge Merger Corporation (a wholly owned subsidiary of EMC formed for the purpose of making the Offer) and Iomega, which EMC and Iomega publicly announced on April 8, 2008.
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Full View / NID: 21619 / Submitted by: TACKtech Team
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SAN DIEGO, April 23, 2008 - Iomega Corporation (NYSE: IOM), a global leader in data protection and security, today announced the new Iomega ScreenPlay HD Multimedia Drive, a portable external hard drive that leaves the PC behind, delivering multimedia content to high-definition televisions and home theater systems.
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Full View / NID: 21607 / Submitted by: TACKtech Team
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SAN DIEGO, April 17, 2008 - Iomega Corporation (NYSE: IOM), a global leader in data protection and security, today announced the new Iomega® Media Xporter™ Drive, a game-oriented portable hard drive that provides cross-platform media storage for Xbox™ 360 and PlayStation® 3 consoles, making it easier than ever to utilize today's popular game consoles and high definition televisions and other large screen TVs to share photos, videos, and music collections with family and friends.
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Full View / NID: 21606 / Submitted by: TACKtech Team
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HOPKINTON, Mass. and SAN DIEGO, Calif. - April 2, 2008 - EMC Corporation (NYSE: EMC), the world leader in information infrastructure solutions, and Iomega Corporation (NYSE: IOM), a global leader in data storage and protection for consumers and small businesses, today announced a definitive agreement for EMC to acquire San Diego-based Iomega in a cash tender offer of $3.85 per outstanding share, or approximately $213 million. The addition of Iomega's products, brand name, route to market and industry expertise will enhance EMC's reach and focus in the rapidly-growing consumer and small business markets.
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Full View / NID: 21387 / Submitted by: TACKtech Team
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SAN DIEGO, April 8, 2008 - As previously disclosed, Iomega Corporation (NYSE: IOM) had entered into a share purchase agreement with ExcelStor Great Wall Technology Limited, a Cayman Islands company ("ESGWT"), Shenzhen ExcelStor Technology Limited, a PRC company ("SETL" and, together with ESGWT, "ExcelStor"), Great Wall Technology Company Limited, a People's Republic of China company ("GWT"), ExcelStor Group Limited, a Cayman Islands company ("EGL"), and ExcelStor Holdings Limited, a British Virgin Islands company ("EHL" and, together with GWT and EGL, the "Selling Shareholders"), on December 12, 2007 (the "Purchase Agreement").
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Full View / NID: 21386 / Submitted by: TACKtech Team
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SAN DIEGO, April 2, 2008 - Iomega Corporation (NYSE: IOM), a global leader in data storage and protection, today announced a new pricing model and immediate availability of the new Iomega? REV? 120GB Backup Drive, the third generation of its award-winning REV technology and a benchmark in smart, sensible backup for small and medium-sized businesses, remote work groups and others.
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Full View / NID: 21385 / Submitted by: TACKtech Team
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SAN DIEGO, March 17, 2008 - Iomega Corporation (NYSE: IOM) announced today receipt of a revised unsolicited non-binding indication of interest from EMC Corporation (NYSE: EMC), in which EMC indicated that it is prepared to offer to acquire the outstanding common stock of Iomega for up to $3.75 per share, assuming a total of approximately 54.8 million outstanding shares, subject to completion of due diligence. The Iomega board of directors, after consultation with its financial and legal advisors, has determined that the revised acquisition proposal from EMC would reasonably constitute a superior proposal as defined in the previously announced share purchase agreement that Iomega entered into with ExcelStor Great Wall Technology Limited, a Cayman Islands company ("ESGWT"), Shenzhen ExcelStor Technology Limited, a PRC company ("SETL" and, together with ESGWT, "ExcelStor"), Great Wall Technology Company Limited, a People's Republic of China company ("GWT"), ExcelStor Group Limited, a Cayman Islands company ("EGL"), and ExcelStor Holdings Limited, a British Virgin Islands company ("EHL" and, together with GWT and EGL, the "Selling Shareholders"), on December 12, 2007 (the "ExcelStor Purchase Agreement"). Based on this determination and as permitted by the ExcelStor Purchase Agreement, Iomega's board of directors has authorized Iomega to furnish information to EMC and enter into discussions with it regarding its most recent proposal. Pursuant to the ExcelStor Purchase Agreement, Iomega must provide the Selling Shareholders with at least 2 business days notice prior to entering into discussions with or furnishing any information to EMC in response or with respect to the EMC acquisition proposal. Iomega provided such notice to the Selling Shareholders on March 14, 2008.
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Full View / NID: 21384 / Submitted by: TACKtech Team
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SAN DIEGO, March 10, 2008 - Iomega Corporation (NYSE: IOM) announced today the receipt of an unsolicited non-binding indication of interest from EMC Corporation (NYSE: EMC), in which EMC indicated that it is prepared to offer to acquire the outstanding common stock of Iomega for $3.25 per share, assuming a total of approximately 54.8 million outstanding shares. Iomega's board of directors met on March 9, 2008, and unanimously determined that the proposal from EMC would not reasonably constitute a superior proposal within the meaning of the share purchase agreement between Iomega, ExcelStor Great Wall Technology Limited, a Cayman Islands company, and Shenzhen ExcelStor Technology Limited, a PRC company, from Great Wall Technology Company Limited, a People's Republic of China company, ExcelStor Group Limited, a Cayman Islands company, and ExcelStor Holdings Limited, a British Virgin Islands company (the "Selling Stockholders"). The Board reached its conclusion based upon valuation and the Board's view that the proposed due diligence contingencies were overly broad.
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Full View / NID: 21383 / Submitted by: TACKtech Team
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SAN DIEGO, February 5, 2008 - Iomega Corporation (NYSE: IOM) today reported net revenue of $120.6 million and net income of $6.5 million, or $0.12 per diluted share, for the quarter ended December 31, 2007. In comparison, fourth quarter 2006 net revenue was $76.2 million with net income of $4.9 million, or $0.09 per diluted share. Fourth quarter 2007 net revenue increased $44.4 million, or 58%, from the same quarter last year, primarily due to strong growth in Consumer Storage Solutions and Network Storage Systems products of 86% and 76%, respectively. Gross margin for fourth quarter 2007 was $20.9 million, or 17.3%, as compared to fourth quarter 2006 gross margin of $15.4 million, or 20.2%. The increase in gross margin dollars and decrease in gross margin percentage from the same period last year was a result of growth in Consumer Storage Solutions products, and an expected Zip revenue decline of 48% which carries a higher gross margin percentage than Consumer Storage Solutions products.
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Full View / NID: 21382 / Submitted by: TACKtech Team
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SAN DIEGO, February 5, 2008 - Iomega Corporation (NYSE: IOM) today reported net revenue of $120.6 million and net income of $6.5 million, or $0.12 per diluted share, for the quarter ended December 31, 2007. In comparison, fourth quarter 2006 net revenue was $76.2 million with net income of $4.9 million, or $0.09 per diluted share. Fourth quarter 2007 net revenue increased $44.4 million, or 58%, from the same quarter last year, primarily due to strong growth in Consumer Storage Solutions and Network Storage Systems products of 86% and 76%, respectively. Gross margin for fourth quarter 2007 was $20.9 million, or 17.3%, as compared to fourth quarter 2006 gross margin of $15.4 million, or 20.2%. The increase in gross margin dollars and decrease in gross margin percentage from the same period last year was a result of growth in Consumer Storage Solutions products, and an expected Zip revenue decline of 48% which carries a higher gross margin percentage than Consumer Storage Solutions products.
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Full View / NID: 21381 / Submitted by: TACKtech Team
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SAN DIEGO, January 22, 2008 - Iomega Corporation (NYSE: IOM) today announced that it expects fourth quarter 2007 net revenue to be within a range of $117.0 million to $121.0 million, earnings per share to be within a range of $0.09 to $0.11 per fully diluted share and non-GAAP earnings per share to be within a range of $0.06 to $0.08 per fully diluted share. This compares to previous Company guidance given December 12, 2007 of net revenue of $92.0 million and non-GAAP earnings per share of $0.04 per fully diluted share. Further, this compares to existing street estimates of net revenue of $85.9 million and $91.9 million and non-GAAP earnings per share of $0.02 and $0.04 per fully diluted share, respectively.
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Full View / NID: 21380 / Submitted by: TACKtech Team
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