Friday, April 11, 2008

Another Blow to Local Ownership

In the latest sign of the dependence of the local economy on the wider world, Iomega has been purchased by Boston-based EMC. Iomega has been hurting for awhile, and there were fears it was a goner, but it appears to have now been bailed out. It just won't be a Utah company any more, and it could be swept out of here in an instant. Welcome to modern times.


At April 16, 2008 at 1:16 AM, Blogger Nosedive said...

In what sense is EMC boston based.

Having visited their main facilities inbetween Denver and Boulder I can assure you that they are not.

At April 16, 2008 at 1:22 AM, Blogger Nosedive said...

I acknowledge "world headquarters" is now in Boston - to be closer to the sales force. They moved that recently.

The guts of the operation (all the research for instance) is in Denver. Always has been.

At April 16, 2008 at 8:32 PM, Blogger Knute Rife said...

The suits are in Boston. That means that's where they cut the checks. Ask Washington what it meant for Boeing to move its HQ to Chicago, even though all the physical plants are still in and around Seattle.

Anyway, my point was that this will no longer be a Utah company, and frankly Denver is worse than Boston. Denver firms have a long history of treating Salt Lake offices like red-headed step-children.


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