Iomega posts earnings warning on declining sales of its Zip line

Article Abstract:

Iomega Corp.'s fourth quarter earnings were about $325-$330 million, about $60 million less than analysts had projected. Income was 7-9 cents a share. Sales of the Zip line of removable drives were down though the company just unveiled its Peerless portable hard drives which can store about 50 times more data than its Zip and can also be placed in a docking device.

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Video, audio conferencing rises sharply

Article Abstract:

In response to the attacks on the World Trade Center, businesses are focusing on teleconferencing and audio conferencing systems and services in lieu of air travel. ACT Teleconferencing's shares almost doubled and WebEx Communications, Polycom, PictureTel and Ptek Holdings shares were up. Genesys's shares lept 40% just last week. RealNetworks and PlaceWare, which provide video, audio, computer data to personal computers noted increased business as well. The industries were already seeing good profits before the attacks with improvements in services.

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Microsoft, Casio agree to co-develop electronic devices linked to Windows

Article Abstract:

Microsoft and Casio announce an agreement to develop new consumer-electronic devices, as Microsoft tries to expand beyond its PC niche. The devices will be hand-held computers and appliances that can exchange data with PCs that run the Windows operating system. Microsoft plans to contribute the operating systems and applications for the devices, while Casio will bring its experience in creating consumer products that carry a strong brand name. Microsoft's move is prompted by fears that its products may be reaching saturation point both in the home and business markets. The company has tried to create consumer devices in the past but has failed, most recently stopping development for its Winpad operating system, which was judged too bulky and slow for hand-held devices. Microsoft claims that improvements in microchip technology make their most recent effort more likely to succeed.

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