SI
SI
discoversearch

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 ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ken Pomaranski who wrote (7670)2/23/1999 3:31:00 PM
From: Cameron Dorey  Read Replies (2) of 10072
 
That's right, Ken, we're in a classic "Catch-22" situation. Iomega isn't going to make any money until their drives are in all of the computers out there. And Iomega won't make any money if manufacturers OEM the drives because they will have to give them away. We might as well go home and use our stock certificates as kindling. That's why Seagate is only a 9-billion dollar company, and, incidentally, why IBM is only a 170-billion dollar company. If either of these companies were to drop their doomed disk drive business, their stock would shoot up overnight, because investors would immediately recognize their vastly improved potential.

"IOMEGA will never make another penny!" At least you have dropped that line from your set speech. It's easy to predict the future, but a lot harder to be right about it. Come on back when you're right about something (I mean real news, not the random walk we call a stock market).

Cameron

"Look out for #1. Don't step in #2 either."
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext