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Non-Tech : Iomega - A Civil Discussion

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To: fut_trade who wrote (1836)	7/16/1997 2:33:00 PM
From: FBarron	of 1908

From the Motley Fool Cynicalgy posts the following. Read and enjoy. Subj: MKE 50M Charge Date: 16 Jul 1997 11:02:42 EDT From: Cynicalguy Message-ID: <19970716150201.LAA25885@ladder01.news.aol.com> Junkyard reported some very huge news the other day. He asked for confirmation. It is now confirmed. "$50M charge by MKE for obsolete LS-120 product--sitting unsold for over a year!!!!!" This is one of the most major things to happen to Iomega the stock in a long time. The LS-120 may not have been real competition-but ask anyone who is not technical but follows Iomega and they say "well, isn't there that LS or something that is better coming out soon?" The media has created a 3 headed monster out of the LS-120. The bears shot all they had on this. Forbes focused on it. The WSJ took 10 points from us last year at the Expo on the LS-120. The bears love to tout (never typed that before I think) Iomega as a one product company that will be put out of business by the much faster, backward compatible LS-120 (please note, it aint faster, but the manipulative writers do write that it is) THE NEWS THAT I HAVE CONFIRMED IS HUGE!!!!!!!! Bill Bronsteen Cynicalguy The bang from Penang!!!!!!!!!!!!!! Meep Meep!!!!!!!!!!!!

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