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Non-Tech : Any info about Iomega (IOM)?
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To: Dale Stempson who wrote (58093)1/2/1999 5:53:00 AM
From: Reseller  Read Replies (2) of 58324
 
As usual Dale your posts are most informative, thanks for the reply.
Message 6804947

I didn't want to get ahead of the issue so I waited until the quarter
was in the bank before commenting further on possible acquisitions of
certain SyQuest properties. It's been two months and there hasn't been
any word whatsoever about the disposition of SyQuest. This is hugely
controlled and tight lipped, if nothing else you have to give them credit
for keeping things under raps.
If someone else was in play they would have wanted ( and I believe the
court would have granted ) the promotion of their products over the holiday
season. The viability of their products is critical for any reasonable chance
of success. The minimum that I would have expected is a leak indicating
future support and production by " xyz company "
This alone leads me to believe that there isn't anyone willing to
take on the product line and that the company will be broken up. I could be
wrong but, if so, someone has made major blunders by allowing the
destruction of credibility, particularly with the SparQ product.

It didn't take long for Glore to establish a favorable relations with main
street wall street with SSB initiating coverage did it. The others are sure
to take note and with a good quarter coming we should see more coverage.
I feel real comfortable with management, their control of the issues has
been nothing short of impressive. Looking forward to the conference call.

Regards
Reseller


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