Rod, re: this statement: "IOMG's stock is standing on the shoulders of public ignorance just as we see in AOL and other loosing propositions. But let the lemmings run, I say, and have their day in the sun. For when they're done and finished their fun, the owls will look all the more wise."
I find this fascinating, considering the level of ignorance you display in the other paragraph of your post.
"The order of magnitude increase in capacity for local storage also has a dampening affect on the need for secondary storage since you can keep your stuff where it is and backup on cheap servers."
First, since when are servers cheap? Second, it's fairly clear that the primary market for Iomega's products is the home market. People don't have "cheap servers" to back up on at home.
Sure, applications ship on CD. Yes, CD-R is getting cheaper all the time. But it's a write-once technology, it's slow as hell, and really isn't an equivalent to Zip, Ditto or Jaz.
I'm perfectly happy to be one of the ignorant people who have made a good deal of money investing in Iomega. And I will continue to make money, as the "owls" dine on rodents.
- Allen |
