Any info about Iomega (IOM)? Message Board

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

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To: Rocky Reid who wrote (48005)	2/16/1998 9:51:00 PM
From: Michael Coley	Read Replies (1) of 58324

RE: Competition from Knock-Offs? Look at Intel. I just read Jim Cramer's story about getting caught with a ton of Intel options on expiration day when the stock was halted due to this news: "Judge rules in AMD's favor in 486 suit. Intel to lose monopoly". Intel took quite a beating in the short term, but Cramer was quick on his feet and came out ahead. thestreet.com I couldn't help think about Iomega as I read the story. Although I don't think Nomai will win the case, it's certainly possible that they will or that someone will in the future. But will that really make a difference? Did it with Intel? Did they go out of business? Did the knock-off processor steal the market? Nope. Intel survived, and has become one of the most profitable companies in the computer industry. The knock-off companies are still around, but hold a very small percent of the market. Also, $1000 invested in Intel back then would be worth MANY times that now. I think we're holding stock in an incredible company, and that we'll be richly rewarded over the years for our investment. - Michael Coley - wwol.com

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