Financial Daily from THE HINDU group of publications
Saturday, Feb 11, 2006
Financial Daily from THE HINDU group of publications Saturday, Feb 11, 2006 |
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Info-Tech
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Storage 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.
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