Any info about Iomega (IOM)? Message Board

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Non-Tech : Any info about Iomega (IOM)?

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To: Iceberg who wrote (24690)	6/7/1997 12:27:00 PM
From: Stan J. Czernel	of 58324

Ice, I disagree generally with your observations about rumor control. IO has been consistenly conservative in its forward-looking statements - justifiably concerned that they might move the stock in some direction and thereby provoke a Learach-type lawsuit. Why, then, should it surprise anyone that, in regard to rumors - where the potential to mislead and provoke a suit is greatest - Iomega chooses to remain silent? And once you have a policy of not responding to rumors, you must keep to it: If one incident causes you to 'break silence', that action - regardless of content - would be seen aas extraordinary - giving further credence to that rumor. Anyway, there is no gain in clarifying a rumor - only huge downside. Why waste energy and resources on such issues? IO is smart to let it all slide.

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