Feeds

Iomega CEO quits after ten months at helm

Glore resigns to spend more time with family

  • alert
  • submit to reddit

Boost IT visibility and business value

Iomega president and CEO Jodie Glore is bailing out of the troubled storage specialist less than a year after he climbed on board. His reason? To spend more time with his family, a euphemism much used by British politicos forced to resign in disgrace. That's not the case here: certainly Iomega's board was quick to state it is in no way dissatisfied with Glore's performance. And he isn't rushing off to another job -- he will continue to act as an advisor to the board while it finds a replacement. Chairman David Dunn will take on the role of president until a replacement for that post is found. Glore joined Iomega last October charged with returning the company to profitability, with some success. During his tenure the storage specialist underwent the usual streamlining required by almost all companies that have grown far too quickly. He also oversaw the release of the long-awaited 40MB Clik! drive and, more recently, Iomega's first CD-RW product, the ZipCD. The financial picture has improved. Iomega is still losing money, but it has already accounted for much of the cost of Glore's restructuring programme. That should begin to pay off in the current and future quarters. The snag, however, is that the company seems to have lost the innovation ball. It's most recent product, the ZipCD, is based on technology it didn't develop, and there's nothing coming down the line to replace the ageing Zip and Jaz removable storage lines. Sales of Jaz drives are falling off considerably, now that regrettable CD and CD-RW have become so cheap, and Iomega desperately needs some solid, money-making products to not only fill the gap, but push the company back into profitability. ®

The Power of One Brief: Top reasons to choose HP BladeSystem

More from The Register

next story
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.