Any info about Iomega (IOM)? Message Board

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

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To: stock bull who wrote (45160)	1/23/1998 8:50:00 PM
From: Reseller	Read Replies (2) of 58324

Stock Bull, The price had already dropped before the conference call. The continued fall the next day was due to the new business plan. IMO to spend a 100 mil on advertising when their total net income last year was 115 mil and then to put it on the line and say we don't know that it will work is stupid. Holding long because I can't see selling at these prices but got slaughtered on my option play. What really burns me is their arrogance to split the stock and show a missed number while increasing their reserve. I feel that they shit on the stock holders. Question, how many additional Zip drives are they going to have to sell to make up for the additional 100 mil spent ? Regards Reseller

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