Any info about Iomega (IOM)? Message Board

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

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To: Mark Lijewski who wrote (9576)	10/21/1996 2:52:00 PM
From: Cogito	of 58324

Mark - "Roy" is Roy, Utah. Where Iomega headquarters is. Also, if "Corporations much large and better known than IOMG have been [cooking the books] for years and getting away with it" then why should I care if Iomega's doing it now? If they're going to get away with it, then it won't ever affect the stock price negatively. However, at this point, no one has produced any evidence to indicate that they are cooking the books. Why, then, should anyone believe that they are? SOME people, who have a vested interest in seeing IOMG drop in price, have questioned whether the reserves held back to account for rebates are enough. Kim Edwards has stated that he believes they are enough. It would not be in his interest to have to report otherwise at the end of the year. You, and a couple of others here, seem to think that everything Kim Edwards said should be regarded with great skepticism, but that we should take everything the shorts say on faith. If you or anyone else comes up with any real evidence that the books are "cooked" I'm sure I'm not the only one who will be interested in seeing it. But the fact that I haven't seen it so far is not because I'm wearing "Iomega blinders." It's because nobody has presented it. - Allen

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