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Non-Tech : Any info about Iomega (IOM)?
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To: FuzzFace who wrote (30208)9/16/1997 2:45:00 AM
From: Reseller   of 58324
 
Hi Ed, I kind of feel the same way.

Thru thick and thin the long time bulls here always had the basic
fundamentals that remained intact to fall back on. I also checked
out the reflective spot on a disk several days ago using some taped
foil and the disk worked fine. So the risk has risen on the chart, but
I'm keeping my core holdings. I sold my trading stock, sold my
Feb 25 calls and wrote some Sept 25 calls. Really setting pretty good
on the trading side. I've felt that this guy was going to the Sept 25 strike,
for some reason ( ?? ) it always seems to hit that right option price doesn't it.

This disk issue is pure and simple blackmail as I see it. A small sleazy
savvy company trying to shake it down for what ever they can get.
And they might get a bunch, I've seen this type of thing happen before.
There's more to the Zip disk than a reflector and it's my belief that
Iomega is going to squash this blackmailing effort.

Unless I'm mistaken there is other proprietary property owned by Iomega,
perhaps others on the board can help with this. I believe that the initial formatting
code allowing the disk to work is one of those items. Seems to me there's something
about a spot on the disk that must be there in order to work.

In any case looking for good entry price to get back in.
Good luck

Reseller

I keep on telling myself No Guts No Glory
Been riding this thing for two years just can't get off now.
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