Frank, Barrons was predicting a maarket top 6 months ago, and they were bearish on iomega a 1/5 it's value. A valuable service they provide to their readers, NOT.
Competitive threats from Compaq: this is hardly worth addressing but here goes: LS120 40% the speed, twice the price, poor migration path, and Oh so late.
1 million in cash: the more they have in cash the more they would have out on their expanded 100 million credit line from Wells Fargo; so, the smarter they are the less they will have in cash. Does Barron's owe someone a favor or something? I feel embarassed for the author.
Acer deal: the world is bigger than the U.S. Small announcements before the secondary, big ones after to reward teh buyers. makes sense.
Throwing Caution to the wind: I spend 1 to 2 hours a day keeping up on iomega, I know about their present situation and their future prospects; I know about what I invest in, that is not throwing caution to the wind.
If the zip replace the floppy, iomega is undervalued, if not then it is overvalued. I am long on iomega.
Franks says: >>I currently own no shares or puts in Iomega, nor am I shorting the stock<<
Yes, but what about the company you work for, are they short, or do tehy want a dip to buy some? Or, your clients? We know you are not here just to while away the time. What is your motication? Where do you work?
Ken |
