bull, I think I'll just call you by your initials from now on.
So, BS, do you really think 46 mil in convertible bonds due in 2001 is something we should all be worried about? You really think that balance sheet is super scary?
Note that Iomega's revenues are currently going at a 1.2 billion dollar run rate. And growing.
Sometimes you sound like a guy who's really thinking, BS, then other times you're like a bearish rocky. Someone complained that Janice Shell posted too much around here. Well, hell, you've got her beat by a mile.
On another topic, CD-Rewritable is certainly a neat new technology. I see it competing (somewhat) with Jaz. But at just under $1,000 it's a very different price point. I also doubt that the speed will be anything like the Jaz.
Plus, I wonder how many people will spring for CD-RW, when DVD-RW is supposedly just around the corner.
As to the recommendations of Phil Corelli's friends at Montgomery Securities, well, opinions differ within the investment community. I think they've missed the boat on this one. Just to quibble with one small point, how do they know OEM shipments will be less than anticipated?
One of the main ploys used by people who wish to manipulate any situation, including the market, is to state an opinion as if it's a fact. I think now that the Q3 report didn't turn out bad enough to do the shorts any good, we will begin to see more manipulative messages coming from that camp. The news story on the wire today saying "critics of Iomega" were questioning the company's rebate reserves is a good example of this. Intelligent investors will view such stories with skepticism.
- Allen |
