Any info about Iomega (IOM)? Message Board

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

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To: Tom Trawinski who wrote (4603)	7/18/1996 9:41:00 PM
From: Kunal Taravade	of 58324

We will all pay the price tomorrow. There were crazy, heightened expectations floating all around the net about the earnings estimate of this one stock, more than those of any other stock I can recall. Some fools suggested earnings as high as 15-16 cents. This is more than 50% off the professionals' estimates. For a while it looked like anybody who could do a little algebra was taking a shot at his own estimate. Do these people seriously think that the 5 or so analysts who cover this stock and come up with estimates based on first hand conversations with the senior management would be so far off their calculations that they would have to rely on armchair amateurs who do this to kill time? As one writer pointed out, Joe Kernan on CNBC said the figure was much lower than pointed out on some online forums. This is a plain fact, and one cannot be mad at Kernan for stating what was on everyone's mind. Let's be honest with ourselves. Iomega is essentially an "Internet stock", propelled by a lot of talk and hype on a lot of internet forums, a medium that Wall Street is clearly unfamiliar and uncomfortable with. So no matter what Iomega really makes, its salient feature will always remain its extraordinary online following. Infact, the DBC realtime news service was categorizing Iomega as an Internet stock until recently when I pointed out the mistake to the list maintainer. So to completely disassociate the online comments about the stock would be dishonest and wrong. The stock has and will be influenced by what is said about it online, just as in any other medium. Let us learn a lesson from this and not make wild, speculative and uninformed statements about it, especially when their source is just wishful thinking. Regards, Kunal

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