Any info about Iomega (IOM)? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: bull who wrote (9350)	10/18/1996 3:51:00 PM
From: Patrick Keeler	of 58324

If you are short IOMG and hoping that one of the most conservative managements in the history of equities ("we are unwilling to furnish that information" is their favorite answer to analysts) has cooked the books, I'd suggest you cover. Not only doesn't Iomega have to 'cook' anything (In your world do CompUSA employees secretly take Zip drives off shelf and burn them in the back dumpster?), but if they were to 'cook' the books don't you think they would do it to have higher sequential earnings? You don't risk jail to report $0.09/share down from $0.11. I'm surprised I even bothered to respond to such nonsense. However, the thread was so long I feared people actually might believe. Bears REALLY screamed about Iomega cooking books after 4Q95. Even got some print media (and a loudmouth guy on CNBC) to write it up as rumor. It was completely false and when that became known IOMG started moving from $18 to $110. I've heard that the SEC is investigating the shorts involved in the whole incident. Possibly one of the reasons IOMG is becoming IOM.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next