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Non-Tech : Iomega Thread without Iomega

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To: s. bateh who wrote (6734)1/25/1999 2:52:00 PM
From: Rocky Reid  Read Replies (2) of 10072
 
Is The Party Over So Soon?

A lot of concerned Shorts on the Iomega threads tried to warn everyone what would happen after the Earnings report last week. The usual personal and off-topic ridicule and name-calling was the response. Now look where IOM is.

Everything is turning out exactly like I said. I've said before that Iomega can sell 50 Million Zips and not make a penny in profit. That broad statement is turning out to be the case. Plus, Iomega is facing the fact that they are following an OEM model with fewer and fewer OEM's.

Plain and simple, Iomega's future is more uncertain than ever. There are much better investments out there.
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