Jock
Your criticism of Sheila, while it may have been honest, was boorish and infantile. Your accusations against sheila rothstein were premature, indicating that you are arrogant and immature. You, should know better than to let fly with accusations when you don't know all of the facts. You were wrong. You should apologize.
Your sarcastic remarks directed at Linda Pearson were rude and unnecessary. You should apologize to Linda as well.
I may not know all of the facts either. Regardless, you clearly didn't.
I apologize for my insult.
If you want to help investors listen and think about your point-of-view, you might try logic, verifiable facts and some analysis. A little tact, diplomacy and detailed explanation of your point of view would help a great deal, but this obviously isn't your strong suit.
You don't engender any confidence in your analysis on this thread with your broad, generalized statements that everyone knows you don't know and cannot verify. Yes, you present analysis. Very poor analysis.
Let me start by pointing out that you don't know everything that Iomega is doing to correct it's problems. No one outside the company knows right now, except for Iomega management.
>>for people who really know what intellectual capital means, you really don't want to store thousands of hours of your best work on something that has a "less than one percent chance of failing"<<
So where do you store your stuff apart from your hard drive? What removable storage medium has less than a 1% failure rate that is also random access, read/write for $150?
Removable media is inherently more susceptible to failure. This is quite obvious if you think about it. Hard drives are hermetically sealed, preventing the introduction of dust and other foreign particles onto the drive platters. This is much more difficult with removable media.
>>If a company has marketed one deeply flawed product<<
Deeply flawed? Where is your evidence? Oh, yea...you can point to the usenet newsgroups, various anti-iomega web sites and other anecdotal evidence. However, if you consider that Iomega has sold over 12 million drives, even a 1% defect rate will produce 12,000 defective drives. Is this evidence of a deeply flawed product. No.
>>and is about to lose very important elements of its niche as a result of other litigation<<
You don't know this.
Clearly there were customer support/rebate issues that hurt Iomega. No doubt about it. KE stated this during conference calls.
Iomega is now in a transition phase to a low cost producer of affordable removable storage. Uncertainty surrounding KE's dismissal is contributing greatly to IOM's current price deflation.
Like Kunstler said, Iomega is the leader in removable storage with an important franchise. He sees it as undervalued. I do too. I guess you think he's wrong too? That's what makes a market.
Philip |
