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Non-Tech : Any info about Iomega (IOM)?
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To: Les White who wrote (56332)6/18/1998 8:49:00 AM
From: Jock Hutchinson  Read Replies (2) of 58324
 
Les: You keep forgetting one very important issue--class action law suits against IOM that are not insurable and may involve large punitive damage awards. Perhaps you can tell me why any responsible corporation would want buy into the possibility of enormous damages draining its bottom line at a time when everyone is unsure of the effect Sony's HiFi will have on the market. Such a purchase would generate a plethora of additional lawsuits filed by the shareholders of the company that purchased IOM with its uncertain legal future. Perhaps you can educate me as to how and why IOM will avoid the courtroom. In the absence of such a credible scenario, your takeover fantasies are just that--delusions. To his horror, Phillip may end up seeing his creed against Rocky's post used as an exhibit for plaintiffs at trial. At the very least, Phillip has destroyed his credibility as a potential witness defending IOM conduct. So much for winning the MF contest.

Indeed, there have been a number of posts on this board accusing Rocky Reid of market manipulation, including a threat to sue Rocky by Phillip Davis. That sort of nonsense can really come back to haunt you, since no one on this board can deny that KE's actions were far more egregious than anything Rocky Reid has posted.
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