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Non-Tech : Iomega Thread without Iomega
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To: D.J.Smyth who wrote (6563)1/22/1999 2:41:00 PM
From: Senthil Sankarappan  Read Replies (2) of 10072
 
Darrel,
I have been an IOM bull for long time but i am getting tired of it. But your track record in IOM is the best one i have seen and so let me ask you some questions:

1) Why this $16 target esp when the company is not even confident of the profitability. If the company is not sure of profit even after 21 Mil Zip drives, when will it be confident? i.e what's the point in selling these many millions of drives?

2) When do you think the company will start to grow its revenue? Is it possible in Q1 esp when compared to last years lousy Qtr?

3) what do you think about their inventory pile of 8-10 weeks i.e over 2 months of inventory meaning over 2 Mil drives. Why did this happen esp when they are touting about Scott Flaig/Oracle/asset management etc etc.

4) Don't you feel that IMN is getting some momentum esp with CPQ going with them in many models. They might lose money but that won't kill them like SYQT.

Thanks in advance.

-senthil
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