Er, Um...
The last time I was making predictions about IOM, I was pretty much dead on. Check out these posts I made in the last part of December 1997 leading up to 4th Q earnings release:
exchange2000.com
"It just makes me too nervous knowing that I am hanging onto a stock which at any moment can lose half of its value at any sign of bad news, such as not meeting 4th Q expected numbers." -Dec.23 1997
exchange2000.com
Jan. 2 1998
4th Q Prediction: .14›/share
I also predicted IOM $9 in another post I re-read recently, and also said that Iomega would be subject to Investor Lawsuits after the Earnings date. I'm sorry I didn't post the links to those statements, but I know of no way to browse through old posts without it taking all day.
*Isn't there some kind of word search for SI posts, or a way to list all older messages made-- not just the last dozen or so?
As for INTC, Gary Wisdom let it be known that I was a fool for buying INTC awhile back, but now I am here in the money, and plan to hold this one. In no way should one include IOM with INTC and MSFT.
First off, INTC and MSFT are much, much larger than Iomega, and both have long track records of crushing nearly everyone else with expansion of their product and customer base. Both companies offer a variety of successful products, and share a wonderful relationship with Wall Street.
IOM meets NONE of this criteria. It is a one product company, has only a 2 year success record, and has a terrible relationship with Wall Street. Probably the worst I have ever seen excluding those companies that were out and out total frauds like Bre-X and Centennial. |
