A $1000 personal challenge to Baron's, WSJ, Fortune, CNBC, and
other Wises in the media...
I trust folks who put their money where their mouth is. Baron's, WSJ,
Fortune, CNBC, and a bunch of others in the media have been
constantly blasting IOMG as "true hype" and over-valued by the
fools - without any sort of accountability to their statements and
opinion. A lot of nonsens, unprofessional babblings and feeding frienzy
on IOMG by these folks since last year -- knowing full well that no
one can hold them responsible for what they said now or ever.
Well, I put my money where my mouth is, and I would like to put up a
$1000 (that's right, one thousand dollars - a lot of money for me.)
challenge to these media folks who have classified IOMG as "true hype"
in the same category as Diana corp., Zenith, Optical Fibers, etc.
The word "hype" is often used to label stocks with fast-rising price, but
with no excellence in past or current peformance, and with speculative
future market. Unlike many of the wises in the media, I do not use a
company 's past performance to judge the merit of a stock. However,
to make it easy for Baron's, Fortune, WSJ, CNBC et al, I will ignore
IOMG 's great future and put forth this challenge using past and current
performance. In another word, I am willing to give up my strongest
edge and play on the media 's turf - to make sure they have a chance to win.
Here is the challenge:
I will pay by $1000 cash to the first writer (or his/her favorite charity)
from Baron's, WSJ, CNBC, or anyone in the financial media world who
can identify and post here or e-mail me JUST ONE technology company
who has equaled or exceeded Iomega 's sale growth from 1994 thru
1996. Here are the only conditions, all must be met to win the challenge:
1. 1994 sales must be at least 100 millions (IOMG = 141 mils)
2. 1995 sales greater than 2.3 times 1994 (IOMG = 326 mils)
3. 1996 sale estimate at least 10 times 1994 (IOMG est. = 1.5 - 2.0 bils)
4. Last quarter sale at least 5.5 times year-ago quarter (IOMG=5.5)
5. Last quarter sale at least 50% higher than previous quarter (IOMG=50%)
6. Increased sale/revenue must come ONLY FROM NEW PRODUCT
SALES, not from acquisitions or mergers.
7. 1996 sale/price ratio of 4.0 or lower based on current price, current
number of shares oustanding, and 1996 estimated revenue.
Again, I will send $1000 the first writer (or to his/her favorite charity)
from Baron's, WSJ, CNBC, or any financial news media to post the
name of just ONE TECHNOLOGY COMPANY which exceeded
IOMG 's performance last two years as defined here.
Of cource, I will have to check out your company and data you provide.
I will extend this challenge thru the end of June. But I assumed that since
you folks constantly labelled IOMG as "HYPE", you must already have
dozens or even hundreds of names to provide. I just need one. In any
case, with your huge and able research staffs, you should be able to
find dozens of names in one day - but I'll give you a whole month.
Now, if none of you folks from Baron's, WSJ, Fortune, CNBC, etc. can
come up with a single name by the end of June. I would ask that you
stop bashing IOMG and us dumb little individual investors, and also send
$500 each to the Jimmy V Cancer Research Foundation in Raleigh, NC.
This challenge is directed primarily at the highest priests of finance
and stock-picking at Baron's, WJS, Fortune, and CNBC. But anyone
from any financial media is welcome to join in. You can post the name
here or e-mail me at cn3567@coastalnet.com. The folks on this thread
are my witnesses.
Anyone on this thread would like to help the media out, you are welcome
to do so. I do not know the e-mail addresses of Baron's, Fortune, WSJ,
CNBC - but I know some of them read the IOMG threads. If anyone know
how to forward this challenge to them, please help do so.
Anyone here would like to chip in and increase the challenge?
Young D.T. Nguyen 5/26/96
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