Any info about Iomega (IOM)? Message Board

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

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To: Naggrachi who wrote (47365)	2/9/1998 8:44:00 PM
From: FuzzFace	Read Replies (2) of 58324

<What a waste of time and money. There wasn't a lawsuit when the stock dropped from $55 to $14, now, from $16 to 10 they file a lawsuite. I hope the judge has enough common sense to throw out the case.> Agreed. What a waste. What irritates me about the suit is the implied assumption that we are not capable of assuming investment risk. I may not have enjoyed the stock drop, but the fault for my account going down was all mine. Not KE's. If there was fraud, then that's one thing. But to depict IOM's technical misfortunes as fraud is ludicrous. For starters, any idiot can see IOM hurt Jaz-1 sales more than Syquest's with that Jaz-2 announcement. To all lawyers, I got news: stocks go up; stocks go down. On the bright side (for me), with any luck, I should be able to get back in IOM at around 8 and change later this week, or early next.

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