Not all is well in paradise with the latest news for the quarter and the shorts running around saying see I told you so, than 12 mil shares trade moving the stock up past where it was before the news was released? The intrigue is too entertaining to stop watching.
The shorts have over 23,000,000 shares short ( it's one of the most heavily shorted stocks on the big board ), they can't cover and the story gets better. The company's on the mend, getting leaner and meaner with a CEO that is committed to putting it on the bottom line and you know what, I believe he will, after watching the latest shakeup I say he's got the guts to do what it takes.
Marc Cohodes, ( part of Rocker Partners Ltd ). is bringing all that's possible, to bare. He's even resorted to making his plea over the net with the Besecker fiasco on v-call. It's comical, this guy is like a back ally brawler that will say anything to make his point, even suggesting that the “ family “ was holding the stock price up, what! LOL. I hate to give the guy more publicity than he deserves but from a point of interest, this is the mind of a short.
vcall.com.
BTW Stan Corker did an interview with Jody Glore at PC EXPO and asked about ZipCD , he was told IOM had a total of four people that had put the ZipCD program together. I kind of think that this has as much to do with Phillips as Iomega. Phillips is well positioned to ramp product and could use the extra marketing. My guess is that there's a guarantee in it for IOM.
Think this is the kind of situation where the term " got caught short " comes from?
Regards
Reseller
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