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

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To: Joseph who wrote (49493)3/17/1998 12:31:00 AM
From: Michael Coley  Read Replies (2) of 58324
 
RE: I was wrong.

Joseph,

Looks like you were right...

>> Earnings warnings: CompUSA first, Intel second, Compaq third, IOM next? RIGHT! CompUSA is a big time reseller of IOM products,and Compaq is a big time OEM for Zips. If they are hurting, Iomega is hurting. I expect IOM to have earnings of less than 5 cents/share this quarter. RIGHT! <<

>> And how many Class action law suits do they have against them now? 4, 5? And they just settled two older ones. These lawsuits are going to cost them money. What are the chances that IOM won't even make a profit this quarter because of all this? RIGHT!<<


And I was wrong (and rude): (#reply-3631936)

Has Iomega ever missed earnings? Yes. Has Iomega ever preannounced? No. What makes you think they'll preannounced, EVEN IF THEY WERE GOING TO MISS EARNINGS? WRONG! Get a clue. RUDE!

I bet you get a positive surprise [with your guess of 5c/sh]. WRONG! Rocky is expecting $0.50/share. I bet he's disappointed.

I would say 0% [chance of having a loss], but anything's possible. Let's call it 0.00001% WRONG!, which is about the same odds as you coming up with an original bear argument. RUDE!

Does anyone have some Grey Poupon for my crow sandwich?

Humbled again,

- Michael Coley
- wwol.com
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