Any info about Iomega (IOM)? Message Board

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

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To: s. bateh who wrote (54300)	5/8/1998 12:24:00 PM
From: Jock Hutchinson	Read Replies (1) of 58324

Mr. Bateh: Without the prices of the products, your updates are meaningless. Consider this very chilly scenario: If IOM is losing money on every discounted Zip, than it could very well mean that your rosy scenario of heavy shipments means increased losses at the margin. Kind of like a going out a business sale. Of course your inability to provide revenue figures is not limited to you. I mean the "new" management could not even provide any kind of revenue projection for this quarter. Hardly the kind of earth shaking confidence one would want to have in any new investment is it? Maybe there are rays of hope out there, but new money going into a stock where management can't even remotely predict its margins or revenue. You must be kidding. To repeat, NO BULL ON THIS BOARD CAN GIVE ANY ACCURATE ESTIMATE OF THE GM FOR IOM, BECAUSE MANAGEMENT CAN NOT DO SO. AND FOLKS, IF MANAGEMENT CANNOT PROVIDE ANY CREDIBLE GM OR REVENUE PROJECTION THAN THERE IS NO WAY THAT MANAGEMENT CAN PROVIDE ANY HONEST PROJECTION ABOUT 4Q PROFITABILITY--REMEMBERING OF COURSE THAT THIS IS THE SAME STUPID BOARD THAT APPROVED A VERY DUMB STOCK SPLIT.

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