Any info about Iomega (IOM)? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: KM who wrote (48532)	2/22/1998 10:50:00 AM
From: David Colvin	Read Replies (3) of 58324

Truff, "Michael: OT I don't understand why a guy like you with obviously good analytical skills and market sense is still following this stock. Why not turn your attention to issues which actually move now and then and make you money, such as CPQ, AMAT, ASND perhaps, CSCO, etc. Not necessarily a slam on the Iomegans - I count many of you on this board as good friends - but come on, this stock is a roach motel now. Sorry." It is now a roach motel now that you have sold everything? Truff, I retired because of Iomega and got REALLY emotional after this last earnings announcement. I lost more (on paper) in one hour than most people can accumulate in an entire lifetime!!!!! Were you around in June 1996 when the BS LS-120 announcement was made? I lost over $200,000 (on paper) that day. I've been through all the BS since June 1995. I guess I'm just an idiot for keeping all my current shares. I also own LOTS of Intel and didn't sell when it went from over 100 to the low 70's...I don't even pay attention to it. I don't want to sell and incur an unbelievable taxable capital gain (even at 20%) because of my extremely low cost basis. If I really thought Iomega was going to wind up like Syquest I would sell it all....NOW!!! I used Iomega's Bernoulli drives on a classified aircraft program in the late 80's and I can tell you that over 200 of us NEVER had a problem with them, storing very important classified Govt. data. I keep the stock because I like the products. See my previous message to Reseller. Why wouldn't millions of others also like the products? Ever hear of the Swan drive? I've "heard" about it for two years. Where is it? Now the big "worry" is the vapor Sony drive. Where is it? How many OEMS are installing ANY of the competitor's drives? Do you think Micron are dummies offering the zip as the "A" drive in their Millenia's? They are a very smart and aggressive company. Long ago I think they were the first to standardize on a CD-ROM in their machines. I believe that Iomega will only get stronger over time and get further entrenched on the OEM side, so much so that they will have a virtual lock on the OEM market. After 3-5 years from now I will re-evaluate my investment, but not before. I'm simply not interested in short term excitement. Dave

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next