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Non-Tech : Iomega Thread without Iomega
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To: Serge Collins who wrote (3668)11/9/1998 12:54:00 PM
From: Rocky Reid  Read Replies (3) of 10072
 
>>The shakeout is petering out. The stock will rebound off this shakeout and resume its upward trend.<<

You've got to be joking. IOM is still down over 1/2 point. And this, in its strongest period - Comdex time. rest assured, once the Comdex Hype has blown over, so too will IOM. Just like last year. Just like PC Expo this year.

IOM lives for Hype events. It always draws in the Suckers. But wait as the Hype fades. Reality sets in. IOM hates Reality.

Because the Reality is, Declining Year to Year Revenues, Selling Zip drives at a loss, 50% more debt year to year, bloated receivables (an indication of channel stuffing), and ancient technology.
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