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Non-Tech : Any info about Iomega (IOM)?

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To: Gary Wisdom who wrote (45403)1/27/1998 10:55:00 PM
From: Mike M   of 58324
 
Gary-

<<Of course, as the person Truff agreed with, I have to heartily disagree with you (Mike) on this one. And, to keep the conversation unemotional, here is my reasoning:>>

Thanks, for your opinion and your lesson on business ..Didn't turn out to be unemotional and yet seemed to be not without logic....

To set the record straight I don't know KE and certainly do not "worship" him....but I know a little of the history of KE & of this company.

I do know that he took a rechargeable battery company from zero to #1 in the business in 4 years.

I know he took on this company, while they were in chapter 11, turned off the spigot on the new storage products ready to ship and, after an exhaustive market analysis, set the course for the development of the ZIP and JAZZ....

<< Product delays, component shortages, and quality control are all part of operations. Iomega gets a big fat F for all three.>>

Your understanding of business is, at best, somewhat Pollyana(ish).... Any time a company is pushing the envelope in technology, as is Iomega, there are going to be disappointments. We have seen it with MSFT, with INTC, with IBM, and we have seen it with IOM....Stuff happens and any time it does, guys left holding the stock scream foul!

A law suit would seem to me to be very frivolous, particularly so, for an "expert" technician such as yourself. I have been investing for about 30 years now and believe that in each investment "you pay your money and you take your chances"....Squawking like a stuck hog just because things didn't work out when and how you wanted it is just so much sour grapes. How about taking the responsibility by recognizing you were in the wrong place at the wrong time...and let it go at that!

Regards,

Mike
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