Any info about Iomega (IOM)? Message Board

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

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To: isdsms who wrote (46645)	3/16/1998 11:14:00 AM
From: Jock Hutchinson	Read Replies (1) of 58324

And what do we have here? Another clown to save us from ourselves. Do you remember your February 2 post directed at me? In the past twenty two months, IOM has lost 75 percent of its value. The question today is how to value a company in whose management no one has any real confidence, a company whose revenues are flat after "turning up the volume" in advertising, a company that can expect no institutional support at these prices ( prices that will not approach 10 for quite some time), and a company that is in a dynamic field whose competitors such as Sony have vastly superior resources, which become overwhelming when one considers the currency devaluation of SEA. (Indeed, Ira, I looked over the last five hundred IOM posts, and I don't think I saw a single mention about the effects of currency devaluation on IOM's ability to compete. Saw lots of the usual cussing--just not much macro analysis.) Can things get worse? Yes. Perhaps you or another IOM bull can provide me with a macroeconomic analysis of SEA currency devaluations that is favorable to IOM. Ira, there is no way that IOM can beat Sony in a price war. The smart money was out a long long time ago.

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