>>Allen, are you staying in Iomega after this disappointment? If so, why? Growth in revenues has always been assumed for Iomega (at least by most people), but now it is questionable.<<
Brendan -
A fair question. I must say that I'm still in Iomega at this moment, but that could change.
After the Q4 CC fiasco, I decided that things were not likely to get a whole lot worse. I figured I'd hold on through Q2 report, because that would be when we could see if the ad campaign was working.
At this point, things are worse. Maybe not a whole lot worse, but worse. I may not hold past the Q1 report. Or I may just decide that the money tied up in IOM should go elsewhere.
I held CTXS through a very bad time. I had bought it at 32.5, then two days later it crashed to twelve, because of an announcement about contract negotiations with Microsoft. Then, as now, I felt like the worst loss had already occurred, and it didn't make sense to sell. I felt I was better off taking the chance and holding, gambling that the negotiations would be concluded successfully.
It took about three months, but the deal was done. CTXS is now at 46 1/8, I believe, after a 3 for 2 split last month. Glad I didn't sell it at the low, which was near 10, as I recall.
Will I be as lucky this time? I think that I may be pushing it. But I am really curious about how the Q1 call will go, and the response to it.
- Allen |
