Date:11/02/2006 URL: http://www.thehindubusinessline.com/2006/02/11/stories/2006021102910801.htm

Back Iomega bets big on India

Our Bureau

CHENNAI: India would be one of the fastest growing markets for Iomega, the US-based provider of data storage products, according to the company's Sales and Marketing Director, Asia-Pacific, Mr Tom Lok.

The company has a strong presence in other markets such as Japan and Australia. In India, so far it has been focussing on selling low capacity products to retail consumers, and plans to target companies for higher capacity products, he told newspersons.

Iomega's quarterly revenue in India is $1 million (Rs 4.5 crore), and will grow at 15-20 per cent every quarter. The company sold its products to State Bank of India, Reserve Bank of India, HSBC and CNBC, he said.