Iomega Thread without Iomega Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Iomega Thread without Iomega

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Naggrachi who wrote (6437)	1/22/1999 12:39:00 AM
From: Reseller	Read Replies (2) of 10072

The Crowd is Tough... Congratulations Jodie and crew The consciences is .05 cents, IOM turns in .07 cents. looks good to me. The house has been put in order and submitted an excellent report. Glore reorganizes the structure and he should have. I have a great deal of respect for those that have to make those tough decisions about who stays and who goes, this IMO is a positive, a CEO change almost always makes personal changes, further I expect more changes as his vision evolves. What they're creating is a leaner machine, the fat is being cut and if it requires those hard decisions than so be it. Now on to the quarter.. The analyst missed an opportunity to ask some probing questions and I think the forthright statements of Q1 99 shook them up, they didn't regain their composure and did a crappy job. In any case IMO we scored big time in that despite the almost 2 million drives that were sold to the OEM's at cost or a little below cost they still turned in an outstanding quarter. I think this is really important to consider when looking at their business plan, They can make money while selling most of their Zip drive production to the OEM's. The other issue that had been addressed was the availability of Clik! and as stated by Glore the component shortage will be solved and back orders filled by the end of the quarter. We've all known that shipments of Clik were restricted, I'm satisfied that we will see these available soon. It was implied that the shortage of parts was due to a quality issue rather than a supply issue which IMO is just a matter making sure that the suppliers get it right. Our local Comp-USA put ten of these on their camera counter and they sold out in 1 hour. On every issue improvement has been made, this is a much stronger company than just 3 months ago and the short position still hasn't covered. I'm sure that we'll see some a lot of negative spin and IMO the almost 30,000,000 shorts are in trouble. There's not much that they can point to as a problem and they still have to cover. Regards Reseller

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next