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Non-Tech : Iomega Thread without Iomega

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To: John Solder who wrote (9370)4/23/1999 12:54:00 PM
From: Rocky Reid  Read Replies (1) of 10072
 
>>This stock needs a kick in the ass. No volume, 1/8 here 1/16 there It's like watching paint dry<<

I agree. I'll add my input. Flop! sales are embarassing. My online retailer source sold 2 Flop! drives yesterday out of their approx. 5200 unit digicam-Flop! drive inventory.

Flop! is going nowhere. Flop! Revenues for this 2nd Q 99 are probably going to be WORSE than the $5 Million realized in the 1st Q. Folks, this is getting just plain BAD.

I agree that this stock needs some direction toawrds its rightful valuation... a valuation based on their earnings and company performance. Hopefully my contributions will help in the effort to value IOM stock closer to its rightful level of $1.42 (IOM's present Book Value).
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