>>>Did anyone watch CNBC this morning?<<<
Mark Haines offerred Syquest several million dollars in free publicity. He pitch a fat softball to Syquest CEO, Ed Harper, who took the pitch for a called third strike.
Strike One: He couldn't clarify Mark Haines question concerning reconciliation of eps (-.80) and 44M shares outstanding with $10M reported loss.
Strike Two: When questioned about further dilution, Ed sounded like a unethical used car salesman (a used car salesman, at least, is usually fairly articulate).
Strike Three: When served a big, fat softball, when Mark compared Syquest to the BetaMax, Ed took the pitch for a called third strike.
(mea culpa - I am a long time investor in Iomega and a more recent investor in Syquest - in under $2). My reason for investing in both Iomega and Syquest is that I believe in the high capacity removable disk drive market. However, I have discovered the real enemy. The enemy are us. The Syjet is a real product, but I'm not sure management is real.
Regards,
Mary |
