Any info about Iomega (IOM)? Message Board

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

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To: Philip J. Davis who wrote (51243)	3/26/1998 12:11:00 AM
From: Michael Coley	Read Replies (1) of 58324

RE: Finally some details... In the CNET Article. It's good to finally start seeing some of the details other than the public line from the press release, frothing bears, and frantic bulls. Here are some of the excerpts that I think are especially revealing (and which confirm some of the suspicions that we've had): Lab‚ said Edwards's resignation, which is effective immediately, has nothing to do with the company's first-quarter results. Rather, he said, there was disagreement between Edwards and the board of directors on corporate strategy. ... The company is built on foundation that Kim set out for us, and we are taking a shift in the strategy," added Willow Baum, an Iomega spokeswoman. "We are going to be less concerned with becoming a $3 billion company, and [ more concerned] with becoming a $10 billion company. It is a shift in the mind-set." ... Lab‚ said it is clear that the board would like greater quality control* than it has seen up until now.* Suspicions Confirmed: 1) Disagreement between KE and board (good guess Ben!) 2) Growth issues (price cuts coming? change in ad focus?) 3) Quality issues - Michael Coley - wwol.com

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