Any info about Iomega (IOM)? Message Board

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

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To: Frank Griffin who wrote (56104)	6/14/1998 3:44:00 PM
From: Rocky Reid	Read Replies (1) of 58324

AMC was bought out by Chrysler, but only after it was was on the brink of financial ruin. The heyday of 1960's AMC was long gone, and all that was left was an empty shell of a company with the Jeep nameplate. The once proud maker of Ramblers, Nashes, Javelines, and Gremlins (gasp), was reduced to making shoddy Renault-licensed cars. The only thing making any money were the Jeeps. The Japanese came on strong starting in the 70's and sealed AMC's fate. They took on a fat, bloated, lazy industry and nearly brought American corporate titans down. Iomega may be bought out as well in time, but only after it undergoes the same devaluating and humiliating losses through which AMC suffered. This should put IOM's stock value at $2 to $3. IOM is just plain overvalued at its present levels. Iomega is a perfect example of the fat, bloated, lazy American company that is going to get its head handed to them by Japanese/Asian competition. I hope Iomega's pretty new buildings are kept in good condition. The resale value on them could be a bitch when they have to sell them off for additional funds, considering all the losses they're piling up.

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