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Although I rarely post, I read this thread regularly and have been investing in IOM for about 1 1/2 years. I think I've finally become disgusted enough to sell everything, which I did this morning, and move on without looking back. In a way, this is a sign-off to this thread--I've enjoyed the Rocky jokes, I had fun playing with some options (it was fun, wasn't it Truff), and I've appreciated all the informative posts. I wish things had turned out better. My take, for what it's worth, is that IOM just doesn't get it when it comes to managing its image and its stock price. Just when they should be hyping Zip sales, they stop making announcements. Just when they should be creating an image of confidence and invincibility in the financial market place, they stop issuing press releases, etc. What people think has a way of turning into reality. If everyone believes that the Zip is the standard and then acts on that belief, then it just might come true. Unfortunately, IOM apparently just doesn't want to play the game and consequently their stock price is at 8 3/4 and falling. Stock prices do matter, in my opinion, and when potential customers (OEMs for example) see that the financial community has written IOM off, then it affects what they think about the company. I'd be willing to bet that if the stock price were at $40, there would be fewer idiot analysts getting on CNBC saying that the company was about to get steamrolled. Sony, for example, has managed to convince everyone that their non-existent drive is the next standard. . . It's all kind of sad, actually. Wouldn't it be nice to see 2 or 3 press releases every morning about how Dell shipped XXX number of computers last month with Zips on board or that Compaq just added the Zip to another line or that another million Zips were shipped in the last 3 weeks, etc. etc. etc. It hurts when I see a press release that announces a 2000 unit order of Superdisks that moves the stock price when IOM is doing this every day. Oh well, I guess this is another lesson learned the hard way, you need to invest in a company with a great product, great growth prospects, and--this is a big "and"--a management that cares about its stock price. For all of you that stay behind, best of luck. Brent. |
