>>There should be some residual value, perhaps a buck a share, in a buyout. <<
A buyout better happen quickly to get $1/share- within the next year. With bread and butter Zip losing sales $$$ year to year, Bomb! drives getting cancelled within the first 10 months of life, Jaz fighting for its life, Iomega resorting to commodity products, Management leaving in droves, no CEO, aging products, old technology, burning the furniture to stay alive, etc etc etc, Iomega is due for less than $1 per share sooner than Iomega Investors think.
BTW, as a sign of yet further resignation to the dominance of flashcards, expect Iomega to announce that they will market commodity CompactFlash cards soon- and bury the last remnants of cash-burning Bomb!. |
