In a reminder of how far we’ve come in the past decade or so, news this morning that storage company EMC has purchased disk maker Iomega. Yes the same Iomega that made the Zip drive, the once ubiquitous external (and later internal) storage device. Boasting a staggering 100meg of storage (later upped – but not much), the original Zip drive was de rigeur for most tech savvy users.
Iomega stock peaked in the 90′s at over USD100, today’s purchase was priced at USD3.60 a share.
It’s a telling demonstration of what both the move to cloud storage, and cheap recordable and flash memory has done to traditional storage methods.
I wonder what EMC (home of online storage Mozy) will do with Iomega?
Ben Kepes is an analyst, an entrepreneur, a commentator and a business adviser. His business interests include a diverse range of industries from manufacturing to property to technology. As a technology commentator he has a broad presence both in the traditional media and extensively online. Ben covers the convergance of technology, mobile, ubiquity and agility, all enabled by the Cloud. His areas of interest extend to enterprise software, software integration, financial/accounting software, platforms and infrastructure as well as articulating technology simply for everyday users. 