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Non-Tech : Any info about Iomega (IOM)?
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To: Reseller who wrote (45786)1/27/1998 9:23:00 PM
From: Reseller  Read Replies (3) of 58324
 
Talked to Susan Stilling today.. I identified myself and as an investor.

I expressed concern for the stock price and the company's approach with regard to stock value.
She had stated that the company was doing very well and that the street didn't like the advertising program and that they are taking a long term view.
I said that I didn't have a problem with the company's success but that the stock had already fallen buy the time of the conference. That in my opnion the value is down due to the company's inability to
communicate with the street, citing the conference on vcall by the analyst and how far off they had missed the numbers. I stated that they didn't need to be so secretive about revealing supporting data to those that recommend our company, citing competition, but on the other hand disregarding competition when it comes to price reductions etc.

I encouraged them to support the idea of stockholder value.
Susan questioned the return on my investment and after stating that I had been invested for over two years and the value of the stock is less now than it was then she asked how many stock splits I had as if to suggest that an adequate return had occurred. I would suggest that Iomega not look back over two years ago to validate their position we hear too much about years ago. How much
better have they done for the owners of the company if after growing as much as they have and spending as much as they have we are worth less ?

For what it was worth I left the conversation feeling that this wasn't going to change anything but felt that if heard from enough of the stockholders than maybe some consideration might be
thrown our way.

In any case if a credible stockholders group is formed with the goal of improving share value I will strongly consider involvement.

Good luck to all
Reseller

ps it doesn't look like it will be very pleasent around here
for a while. It's sad to see some of those of us that bought
options or on margin crying like babies. I lost big time but hell
if your going to see me cry like some around here.
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