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Non-Tech : The New Iomega '2000' Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Reseller who wrote (817)	6/19/1999 12:30:00 AM
From: Robert Neville	Read Replies (1) \| Respond to of 5023

Exactly, Reseller. It would seem he wants to face them with the bad news on the table and his decks cleared for action. I would bet he has significant good news to bring to this table; otherwise he would be biding his time rather than coming to play with these guys... Personally, I appreciate his having the balls to come to the company's (and our) defense. Bob

To: Reseller who wrote (817)	6/19/1999 3:31:00 AM
From: FruJu	Respond to of 5023

This guy either doesn't have a clue, or what he's about to say will be so important that what was said today won't matter. Yes, the timing of the announcements is obviously calculated. We had the official "shipping PC Card Clik! announcement" on Thursday, the earnings warning today, and PC Expo/Glore/CNBC Monday/Tuesday next week. Rocky is right about margins on CD-RWs. Probably razor-thin. I'm not sure if Iomega can parlay their brand-name awareness for backup solutions into the optical storage world. I guess we'll hear more next week.

To: Reseller who wrote (817)	6/19/1999 9:30:00 AM
From: Ben Antanaitis	Read Replies (2) \| Respond to of 5023

Reseller, As I see it, Friday morning before the bell, was the last instant that he could release the info and still be on 'this side' of the 30 day quiet period. IOM announces their quarterly results the night before options expire, and that is 30 days from yesterday. Remember he also said they would announce the charges before the period, so they just barely did...... What would have been said if they waited and then announced? FWIW, he is going to be on CNBC on Tuesday, during Power Lunch. He is going to be among a whole passel of other CEOs, each demonstrating the 'new technology' that each is featuring at PC Expo. I doubt that he will get more than 2 or 3 minutes of air time. I also think he will claim 'quiet period' rules when asked about future financials. But, I look at it a little like CPQ's situation from the day before. CPQ is restructuring, company in turmoil, no clear product plans, leadership, people leaving wholesale, etc. So CPQ pre-announces againand only takes an intraday hit, in fact ending up fractionally. Why? Well, the talking heads are saying 'they are taking this time to dump out all the bad news and take all the charges and set themselves up for good news going forward'. Is this what IOM is doing? Who knows? Dunn, Glorie perhaps. But I can also remember IBM just after Gerstner took over.... the executives were leaving in droves. Wall Street was humming with 'how can they survive if so and so is leaving', 'Gerstner hasn't a clue', 'old technology, mainframes are going to get killed by the new technology PC's', etc .... Remember that IOM is restructuring and people may be realizing that they aren't going to be the next CEO or have their hard earned 'internal empires', so..... If you want the 'big tell' for IOM, watch what DUNN and his Idanta Partners do with their money. JMHO, Ben A.

To: Reseller who wrote (817)	6/19/1999 7:25:00 PM
From: Naggrachi	Read Replies (3) \| Respond to of 5023

<< This guy either doesn't have a clue, or what he's about to say will be so important that what was said today won't matter>> He'll be introducing a new kind of FUCING Zip drive, like they have since 1996. It doesn't take a rocket scientist to figure out where this company was headed since '96. All one had to do was look at the company's product line since the introduction of their last successful prodcut, the Zip, and it's perfectly logical as to why they had to issue a warning yesterday. While technology is moving ahead at warp speed, IOM is introducing a DIFFERENT brnad of Zip. Removable storage is no longer a viable business, network atached storage appliances is where the growth is. IMO, it won't matter what Mr. Glore has to say on Monday. Zead