Teddy,
You're right, KE would not do this if it was bad news. I think this
statement in the news release tells a lot.
>>The conference call will feature an overview of recent developments at Iomega and an in depth discussion of the events contributing to the recent volatility in the Company's stock price.<<
Since there has not been any negative news from Iomega, the company,
other than today's ridiculous excuse for a sell-off, I think KE maybe
coming out of his conservative style and start putting all the
uncertainties surrounding Iomega to rest. I am refering to Nomaii,
Jaz 2 delay, Clik! acceptance, Sony competition. The financial media
has been misinforming investors (more than usual) which has contributed to this increasing uncertainty regarding Iomega's future and subsequent sharp price decline. A lot of people believe everything they read in Barrons, Fortune, WSJ, etc. so you can imagine the amount of calls going into IR.
This maybe setting a new standard, if we see Iomega stand up and defend itself against all these outrageous attacks. Perhaps they will start holding these conference calls more frequently to disseminate the real operations of the company to the public.
Regards,
Dave |
