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

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To: Steve Wiz who wrote (8339)10/6/1996 1:25:00 AM
From: Archie R. Wortham   of 58324
 
Steve,

I'll be perfectly honest with you. I don't know the answer to your question. I'm just a dumb doctoral student who got into this stock before I retired from my other job, because I happened to believe in this product, and I'm even more firmly committed now than ever. I just wish it would stabilize and be less erratic on its ascent.

But here's a spin for you. 700,000 zips??!!! That's a lot, would that have any promise for a new standards? Rebates? You think that those 700,000 conservative sale rebates actually were all mailed in. Rebates? When and how soon do they have to be refunded? There are probably some still outstanding. But my principal point, why is it with such(as you admit) tremendous sales of Zips, there's been no mention of JAZ here at all. KE mentioned in his conference call that the initial cost of the JAZ had been absorbed, and that they would be generally expecting more in the receivable column from its sale in the future.

These are just thoughts...and again, "been there, done that," scenario on this thread...stay away from trying to provide on-line guessing. That's what did the stock in before. And oh by the way, when will people remember that the high of 27 was after a 2/1 split? In my book, that's to say if the stock had not split, it would have traded at 54. Am I right or not?

If nothing else, I'm giving you something else to think about.

Archie
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