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.
posted by Knute Rife @ 7:52 AM
3 comments
I am an attorney licensed in Washington and Utah, and I keep track of real estate and business law in the Rockies and on the West Coast in general. Real estate law these days goes far beyond owning dirt and building things on it, and business is about more than hanging out an "OPEN" sign. They're about management, employment law, insurance, and lots and lots of regulatory compliance. Stop at my Spots, and we'll see if we can sort things out.
Knute Rife has made this blog and the materials on it available to the general public for informational purposes only. The information provided is not legal opinion or legal advice. This information is not intended to create, and the receipt or viewing of it does not create or constitute, an attorney-client relationship. No one should act upon this information without seeking professional counsel.
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3 Comments:
In what sense is EMC boston based.
Having visited their main facilities inbetween Denver and Boulder I can assure you that they are not.
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.
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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