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Non-Tech : Iomega Thread without Iomega
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To: Vanni Resta who wrote (80)6/26/1998 11:58:00 AM
From: King David  Read Replies (1) of 10072
 
I'm new to following IOMEGA, so please, no one bash me for chatting with Vanni.

Vanni, in my brief and humble trading experience, I have seen enough bloodied traders (myself included sometimes) to believe that a company that is laying people off and predicting greater than expected losses is no place for my money. These situations are usually tip of the iceberg. Look at SYBS (24 to 6), INTD (9 to 1), VERS (6 to 3/4), to name a few, to see what can happen to stock prices. These are harsh cases where there was material mis-statement of financial results or gluttonous management by the companies and then widespread stock bashing by the street.

Hey, its your money, but a company that revising estimates down and laying people off is no place for mine.

KD
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