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Non-Tech : Iomega Thread without Iomega

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To: Dave Triplett who wrote (9483)	4/28/1999 11:41:00 AM
From: Rocky Reid	Read Replies (2) of 10072

>>Because someone keeps coming in with large buy orders. Of course there is a lot more going on behind closed doors.<< LOL! The Big Boys have long forgotten about this stock. May I remind you that your "Large Order Buys" today total less than $2 Million so far. This is chump change. I sorry to inform you that this garbage stock has been relegated to the discount bins fora very good reason. You see, Iomega can only keep Zip unit sales up by lowering prices. Iomega's Zip revenue was only Up year to year by 13% while unit shipments were up over 40%. Now watch these next coming Quarters as Zip $$$ Revenues start DECLINING year to year. Zip's year to year revenue trend in this regard is crystal clear. Iomega is a shrinking company with products that are BOMBING. Ditto is/was a gangreen appendage that was hacked off with a rusty axe. Jaz looks like it's turning sour as well as we speak, and the Civil War-era doctor has hacksaw in hand, slowly approaching... And Flop!? Just absolutely BOMBING in the marketplace. Iomega will rid itself of its ties to Flop! by Summer 2000 (either chaining the doors or selling it off cheaply to some Asian outfit). As for bread-n-butter Zip? Watch out for yearly revenue DECLINES coming to theater near you... Don't say you weren't warned.

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