Jack,
I'm sorry, but I don't see where the problem is in my statements. Perhaps I did not make it clear enough, but those two quotes you took from my posts were in totally different context. Where I said that I don't believe it can go much higher, I meant over the next month or so (the short term). On the other hand, I strongly believe in Iomega's products & managerial staff, and feel that over the long term, it IS a good buy. I am looking to buy shares in IOMG, but feel that this is just not the time to do so.
Also, in response to your post Dale, I do not believe that earnings are the problem here--it's the possible slow down in sales. However, even though the market is becoming more and more saturated, I would look for IOMG to look more and more overseas. As computers become more and more affordable everywhere, and more people get them, the moe zip and jaz drives will be needed. Does anybody know which countries IOMG currently sells their products in, and which ones have been untapped???
Sorry for the confusion,
Brian |
