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Non-Tech : Any info about Iomega (IOM)?
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To: sheila rothstein who wrote (44911)1/23/1998 12:39:00 PM
From: stock bull  Read Replies (3) of 58324
 
Sheila, you are assuming that Wall Street is logical...I don't believe the Street is always logical. However, I am starting to think that there are some deeper problems in the company. For example:

1) Delayed product introduction...this can be viewed as a failure to execute.

2) Competition from Sony is a greater threat then we thought.

3) Selling to OEM's cuts revenue...so volume needs to pick-up to cover the revenue shortfall.

4) Large expenditures on advertisments must product a pay back...I'm not so sure the analysts on the cc were in favor of spending big bucks on the Super Bowl.

5) The Asian and currency problems affecting future growth of the company...revenue, volume, etc.

6) KE mentioned that the company did not meet all of its internal financial goals. This is not the way to impress the analysts.

Anyway, even though IOM missed the Street's estimate by 2 cents, I viewed their overall financial performance as being very good. The big question that I have is whether or not the company can continue to grow per plan and meet future earnings estimates?

I don't think long term investor should bail out at this time. I am staying long. However, I now feel this is a very risky investment. The company must not fail in the execution of their business plan.

Comments welcome.

Stock Bull
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