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Politics : Ask Michael Burke

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To: davesd who wrote (22)	7/21/1996 6:40:00 PM
From: Cynic 2005	of 132070

Dave, as Mike said, I too think IOMG has an honest mgmt team. Remember the "HERD on the street" column in May 1995? It quoted Iomega CEO saying public are nuts to bid them up so high so quickly since he believed that they will not make profit out of the zip drives for at least a year. That was quite a statement from the CEO. It was sincere but the crowd didn't care. At that time there is no question about the potential for the zip. I think there is some reason to doubt that now. In any case, i didn't bet my house on IOMG puts. I still think it is headed down. An honest management team is not good enough to overcome weakening demand fundamentals. Good luck! >>Mohan

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