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Non-Tech : Any info about Iomega (IOM)?
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To: Robert Skinner who wrote (45954)1/28/1998 6:28:00 AM
From: Mel Boreham  Read Replies (1) of 58324
 
Bob, I want to appologize for speculating that you might be Dr. Iomega in disguise... No way! It was just a coincidence that you left the thread just about the time that the good Dr. I showed up here. I think you are right about picking up some stock at these prices and putting them away for a while. Who knows when we will hit bottom, but anything could happen, especially with the outcome of the Nomai law suit and possible further delays in Jaz 2, Buz, and the Clik! products. One thing that I did was to convert my IRAs to Roth IRAs this week... just happened to do it when the price of IOM was down, but if IOM continues to do well as a company, this could be a nice nestegg in a few years. Any you can do some trading within the account should the stock make a run from time to time without any tax consequences. And after 5 years, the Roth IRA will provide tax free income potential (after age 59 1/2). Just a thought. Good to have you back on the thread... When are you heading back to Tahiti or other good scuba locations? Mel

PS. A shareholder lawsuit at this point is baseless and will only damage those of us who are long term holders of the stock. I have been party of several class actions in the past... signed all the papers and sent them in... My return... Absolutely Zero! Nothing! ZIP! I totally agree with others who posted here, the only winners are the lawyers... the litigants get only crumbs, if that!

New T-Shirt for Gary's List

I sued IOMEGA and didn't get S**t, but you ought to see my attorney's new BMW!
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