Analyst/Investors, please contact:
Jim Recob, Iomega Corporation, (801) 332-4430 recob@iomega.com

FOR IMMEDIATE RELEASE

Iomega and Intuit Join Forces On Portable Tax Preparation Solution

Companies Debut Quicken TurboTax for Tax Year 2000 with Iomega Active Disk Technology

ROY, Utah, December 22, 2000 - Iomega Corporation (NYSE: IOM), a global leader in data management solutions, and e-finance leader Intuit Inc. (NASDAQ: INTU) today announced their plan to introduce a U.S. version of Quicken® TurboTax® for tax year 2000 on Iomega Zip® disks using Iomega Active Disk technology.

Iomega's Active Disk technology automatically configures and launches the TurboTax program, the No. 1 best selling tax preparation software, from the Zip disk whenever the disk is inserted into a Zip drive. Active Disk applications don't clutter the hard drive or leave any changes in the Windows configuration when the disk is removed, and they are designed to automatically save and close when the user hits the eject button. Active Disk technology is another innovation made possible by the Zip platform, with 38 million drives and over 240 million disks shipped to date.

"We're pleased to offer consumers a simple and flexible new way to enjoy the benefits of TurboTax," said Germaine Ward, vice president of software and e-business, Iomega Corporation. "This is the full regular version of the TurboTax program on a Zip disk enhanced with our Active Disk technology. Now your Zip disk can be your completely portable tax preparation center."

"Our goal has always been to simplify the financial lives of our customers," said Bob Meighan, vice president of Intuit's Consumer Tax Group. "By providing TurboTax on a Zip disk, we're able to offer consumers one more great option, so they can get the power and simplicity of TurboTax in a format that is just right for them."

TurboTax is a fast, easy way for consumers to self-prepare and file a tax return. The EasyStep® interview guides users through their return, asking simple, easy-to-understand questions. Once they have finished preparing their return, TurboTax users can either file the return electronically (one free federal electronic filing is included via rebate) or print it on plain paper and mail it to the IRS. With the Active Disk technology, the tax return data file resides on the Iomega Zip disk together with the TurboTax application files, which means that critical financial data can now be safely archived and reviewed as needed on any Windows PC with a Zip drive.

"The new Active Disk technology is exciting news for the Zip platform," said Doug Collier, vice president of marketing, product management and business development, Iomega Corporation. "It shows the potential of the Zip disk as a new vehicle for increasing software sales. Companies can now create portable versions of their software that run automatically from a Zip disk on any Windows PC with Active Disk enabled, no further installation required."

The TurboTax Zip disk with Active Disk technology is compatible with Windows 95/98/Me/2000. Iomega Active Disk technology is included in Iomega LifeWorksTM software and upcoming versions of IomegaWareTM, or is installed on first use of the TurboTax Zip Disk. Users do not have to install Active Disk more than once.

The product is expected to be available in U.S. retail locations and iomegadirect.com in mid-January 2001, in disk packs that include the TurboTax Zip disk and an additional three 100MB Zip disks or two 250MB Zip disks for $44.95 (U.S. suggested retail price). Iomega also expects to offer a bundle that includes a 100MB Zip USB drive and TurboTax Zip disk for $114.95 (U.S. suggested retail price).

About Quicken TurboTax
Quicken TurboTax is the #1-selling tax preparation software program, with approximately 70% retail unit share in 2000, according to PC Data. Its Web-based counterpart, Quicken TurboTax for the WebSM, was the most popular site for online tax preparation and filing services in tax year 1999. In addition, Intuit offers Quicken TurboTax Home & Business, designed for the sole proprietor. The Automated Tax Return feature is included at no additional charge in all of these versions of TurboTax. With 17 years of personal finance expertise, the TurboTax family of products saves time and money for more than 13 million Americans each year.

About Intuit Inc.
Intuit Inc. (NASDAQ: INTU) is the leader in e-finance, including financial software and Web-based financial services for consumers and small businesses. Intuit develops and markets QuickBooks, the most popular small business accounting software; Quicken, the leading personal finance software; and Quicken TurboTax, the best-selling consumer tax preparation software. An innovator in delivering Web-based financial tools, Intuit is the leading provider of online tax preparation and filing services and online mortgages. Intuit is also breaking new ground as a leader in online bill presentment and payment, and in the delivery of its QuickBooks Internet Gateway platform of connected e-services for small businesses.
Intuit's Quicken.com Web site (www.quicken.com) is a leading financial site, offering a comprehensive set of financial news, information and tools, including insurance, mortgage, investment and tax preparation services. Intuit's products and services enable individuals, small businesses and financial professionals to better manage their financial lives and businesses.

About Iomega
Iomega Corporation (NYSE:IOM) manufactures and markets the award-winning Zip®, Jaz® and PocketZipTM drives and disks, the HipZip(tm) digital audio player, the FotoShow(tm) digital image center, LifeWorks(tm) software, and Iomega Quik Sync 2 software; Iomega also markets Iomega CD-RW drives. Iomega's products help people to save, share, manage and create important information such as Internet downloads, audio files, personal photographs, spreadsheets, and slides, while protecting that content from viruses and hackers. Used in homes, businesses, government and educational facilities and by creative professionals everywhere, Iomega storage solutions are the enabling technologies preferred by millions. The Company can be reached at 1-888-4-IOMEGA (888-446-6342), or on the Web at http://www.iomega.com.

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NOTE: The statements contained in this release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, including statements regarding the expectations, beliefs, hopes, intentions or strategies of Iomega regarding the future. All forward-looking statements included in this document are based upon information available to Iomega as of the date hereof, and Iomega assumes no obligation to update any such forward-looking statement. Actual results could differ materially from current expectations. Factors that could cause or contribute to such differences include, but are not limited to, market acceptance of, and demand for, the Iomega technology and its products, market acceptance and demand for tax-preparation software, reliance upon third party suppliers, manufacturing issues, including component availability and pricing, development and distribution issues, product pricing and conformity to specifications, competition, intellectual property rights and other risks as identified in the reports filed from time to time with the U.S. Securities and Exchange Commission by Iomega, including Iomega's Annual Report to Stockholders for 1999 on Form 10-K and its most recent quarterly reports filed with the SEC.

Copyright© 2000 Iomega Corporation. Iomega, Zip, Jaz, PocketZip, HipZip, FotoShow, and LifeWorks are either registered trademarks or trademarks of Iomega Corporation in the United States and/or other countries. Intuit, Quicken, TurboTax, and EasyStep are either registered trademarks or trademarks of Intuit Inc. in the United States and/or other countries. Certain other product names, brand names, and company names may be trademarks or designations of their respective owners.