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?