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 : Any info about Iomega (IOM)?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jeffery E. Forrest who wrote (17616)3/6/1997 9:02:00 PM
From: Michael Rick   of 58324
 
Jeff:

Claims of trading profits like yours are meaningless to at least me and probably most people on this thread. To claim you were long all the way to the top and then short all the way back down is a bit too much.....

Let's examine your past few statements and please (if you respond to this post) respond to all of my refutations (word?) below:

You said: "I suggest you go and look about Oct/Nov. KE DEFINITLEY said 50-70%, BUT closer to 70 than 50."

I say: You are just plain wrong. As someone else posted, KE said rebate redemption's were closer to 50% than 100%. This has been proven out by the past conference call where IOM stated that the redemtion rate was right where they expected it at approximately 50%.

You said: "Debt, Converts, rebates, and unreasonably rabid shareholders were other reasons I was short."

I say: 1) Debt? There is or was a problem with IOM and too much debt? Please explain. 2) Converts? So what. Was previously mentioned by Joel and discussed many, many months ago, and is a pretty weak and foolish reason to short IOM. 3) Rebates? I'm confused. You said they weren't important, yet now they are or were? Regarding your claim of a redemption rate of "25%" being a standard, do you agree that the rebate value as a percentage of sales price would be a major factor in redemption rate? Logically one should assume that the larger the rebate is as a percentage of the sales price, the larger the redemption rate would be (given the original sales prices are somewhere close in an actual comparison). The rebate on the zip reduced its price by 25%!! Compare that to other rebate programs where, in my experience the rebates amount to 5 or 10%. 4) Rabid shareholders. I agree with you that this could be considered bearish. It is extremely hard though, too pinpoint when bullish feelings go to far and become unreasonable. A few hundred positive and loyal investors on a web page does not constitute "rabid" bullishness.

You said: "IOM is a niche player in a commodity market."

I say: IOM is the DOMINANT player in a high growth sector in which IOM's technology is proprietary and by far the most popular.

Enuff said.

Michael Rick
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News