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Non-Tech : Any info about Iomega (IOM)?
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To: isdsms who wrote (47165)2/8/1998 2:45:00 AM
From: Fred Fahmy  Read Replies (2) of 58324
 
Ira,

Count me in as one of KE's biggest supporters and according to Gary yet another "sucker". KE's performance speaks for itself. The numbers speak for themselves. What KE has accomplished is nothing short of miraculous and historic. I have challenged KE doubters many times to show me any other company that has grown so quickly. KE built a multi-billion dollar company out of nothing. This would be comparable to someone taking over Syquest right now and making it a nearly 2 billion dollar company with tremendous brand recognition in a couple years. KE has delivered and more importantly continues to deliver. Despite missing estimates, last Q was yet another solid financial performance in a tough macro economic environment. KE and all Iomega employees are to be commended for such a fine performance.

IOM's stock price drop is hardly unique in the tech industry. INTC recently dropped about 35% from its high. I have held INTC through other such drops of nearly 40%. Despite these irrational drops, INTC's long term chart speaks for itself. There are countless examples of huge successful tech companies losing much more of their value than IOM recently has. It doesn't mean that they aren't great companies and in many cases the drops merely represented tremendous buying opportunities. CSCO also had a similar drop in stock price last year.

If there is one thing I have gathered from reading this thread for the last 2 years is that there is a strong short term thinking bias here. There also seems to be an unhealthy amount of emotion both when the stock is doing well and when it is not doing so well. Currently, I find the whining almost comical.

Another KE "sucker",

FF
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