>>The point is to stop and penalized the "rats from Roy" for violating all sort of SEC rules.<<
Dr. P -
SEC rules are enforced by the SEC, not in civil lawsuits. As far as I know, Iomega management does not stand accused of any SEC violations.
Another random thought. I know this is going over old ground, but it's on my mind of late. Brendan, among others, is pissed off because Iomega doesn't issue a lot of press releases. I don't see why anyone thinks press releases would do any good. In the past, KE has been accused of hyping the company too much. He can't win either way. If the company comes out with a batch of press releases every week, who will pay any attention? Unless there is substantive news to report, they will just be viewed as hype. Susan Stillings once cited that as a reason that they don't use that tactic.
As for doing nothing to make the Street think that Iomega is more than a one product company, I don't see that as being a fully justified conclusion. Just in the past year, the company has developed Buz, Jaz2, DittoMax Pro, Clik! and Zip Plus. All but Clik! are shipping. They have promoted all of those products with press releases and media events. What more should they do to let the street know Iomega is more than a one product company?
Sure, Zip accounts for most of Iomega's revenue. Should we be upset because one of the company's products is a huge runaway hit?
I do agree with those who say that KE has not handled financial community relations well. I really want to see that improve. But I don't believe the answers to Iomega's PR problems are as simple as many here suggest.
BTW. I had a dream last night about reading a press release saying KE was stepping down as CEO. I was horrified.
- Allen |
