I agree. Management is doing a pretty good job. But let us put this into perspective.
Kim Edwards is not deity and we are not cult followers of the "leader". To use a baseball metaphor, Kim Edwards is only a rookie in the big leagues. This is his first year in the major leagues. He has shown that he has a lot of potential, but he does make mistakes.
His first attempt at a secodary offering was a complete fiasco. His announcement that the Zip Drive was costar with Arnold Swchwarzennegger in a motion picture was bizarre, and his management of 3d quarter expectations was completely minor league. He has to learn that Wall Street does not take to excuses. (Such as the plane crashed, there was a typhoon, my European logistics manager sat on some finished goods Inventory).
Yes, I do own and follow other stocks, I have held KO and INTC for a number of years (having never sold a single share in either company). I have never criticized Roberto Goizueta and am too intimidated by Andy Grove to offer any advice. Kim Edwards is not in this league. Not yet, anyway.
Iomega fundamentals have not changed, as far as I can tell. Much of the volatility in Iomega share prices is understandable and can not be helped.
Some of this volatility, however, is Kim Edwards own doing. It is understandable that he has to distance himself and Iomega from these threads on the Internet and on the Motley Fool in AOL. But, surely he knew what the expectations were amongst the small investors online. He can not ignore this part of his constituency. The online may be unruly, but it is a reality. It is a constituency (and a hidden asset) that he has to manage one way or another.
Do you really think that Coca Cola got to where they are by leaving things to chance?
BTW, your reference to fantasizing conspiracy theories is a cheap shot.
Regards,
Mary
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