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O.C. BUSINESS PLUS | ORANGE COUNTY BRIEFLY

I/OMagic Prepares for Loan From IBM Credit

March 16, 2000

I/OMagic Corp., an Irvine maker of peripheral personal computer products, said Wednesday it has signed a tentative agreement that would give it $15 million in financing from IBM Credit Corp.

The I/OMagic chief executive, Tony Shahbaz, said in a press release that while the company has no long-term debt, the loan is needed to position it for more competition.

Among the company's products are CD-ROM drives, DVD drives, high-speed data, fax and voice modems, sound cards, video graphics accelerators, portable scanners, video conferencing cameras, digital cameras and universal serial bus products.

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