For its “M” Club members only, mwave.com offers the Iomega Prestige 250GB Portable USB 2.0 External Hard Drive, model no. 34277, for $39.99. (“M” Club membership is free; click here to sign up) With free shipping, that’s $0.16/GB and within a buck of the lowest total price we’ve ever seen for a 250GB portable drive. It features an 8MB cache.
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