Any info about Iomega (IOM)? Message Board

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

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To: Bearded One who wrote (40178)	12/16/1997 4:38:00 PM
From: Rocky Reid	Read Replies (2) of 58324

>> But yes, it will come out and Iomega will take a big hit.<< Talking about a big hit, when 1st Q numbers come out, IOM stock will be crushed. The revenue dropoff will be even more dramatic than last year's 1st Q disappointment. For a such a "dramatically growing" company, these revenue dropoffs don't support such claims. If Zip were to really become the "standard," one would expect Zip shipments to double every couple of months regardless of what Q it is-- this has not happened. I said the same thing last year, and while the number of Zips sold has increased, the numbers in no way reflect assertions that Zip will replace the 1.44 floppy. In fact, Zip sales have roughly doubled in one year. Now, 5% of new computers ship with Zip installed instead of just 2%. What a dramatic increase--not. Add to this the fact that the Zip's product life cycle is coming to a rapid close, and you have a recipe for IOM stock collapse soon followed by inevitable shareholder lawsuits against KE and Iomega Corp. Seems like my warnings last year have turned out to be true after all.

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