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Non-Tech : The New Iomega '2000' Discussion Group
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To: John Solder who wrote (3810)1/10/2000 4:07:00 PM
From: David Colvin  Read Replies (2) of 5023
 
You hope ?

I hope to hell it doesn't.
I'm torn between taking a 3 point loss and moving on and waiting until earnings. Short of blow-out earnings, I just don't see any catalyst for taking IOM up large.

John,

I certainly understand your frustration.....I've been with you guys and IOM since June of 1995 and still hold (for me) a very large position. Thankfully I sold a lot to insure my early retirement in May of 1996, then sold some more last year at $8 1/8, then bought some back some at $3 1/8.

FWIW, I'm going to go out on a real limb here!!

Call me crazy, but take heart! I believe IOM has finally wised up, has quit spending money ineffectively like it was water (such as the $1.3 million per minute....or was that for 30 seconds....Super Bowl ads) and are poised to quit reporting losses.

With that said.....if they do, indeed, earn $0.30 or so per share in 2000 due to internal cost cutting measures taken, including but not limited to:

1. Installation of their "virtual enterprise" model using Oracle software.

2. Allows for "just-in-time" delivery from their suppliers

3. Allows for "just-in-time production.....increasing inventory turns

I believe IOM could be trading at $10 - $12 per share by year end based on a P/E of 35 to 40. We'll see if I'm even close in 10 months or so.

Dave

P.S. I know, we've heard all this before. LOL!

P.P.S. One of the major regrets I have is their letting Scott Flaig go. I think that was a big mistake.
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