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


To: Reseller who wrote (3059)10/5/1999 8:17:00 AM
From: sheila rothstein  Read Replies (1) | Respond to of 5023
 
I am interested in hearing from Ken Pomeranski and Darrell Smith re their opinion on the restructuring. SR



To: Reseller who wrote (3059)10/5/1999 9:16:00 AM
From: Alan Rosen  Read Replies (1) | Respond to of 5023
 
I think that this announcement will not be devastating, but we could see a little short-term retreat from the recent gains. Dunn is clearly trying to take control and clean house before signing on another CEO. I think that the Street will look at this announcement favorably, rather quickly. Dunn appears to be confident that the company is on the cusp of a sustained return to profitability and he is making the final repairs to a badly damaged foundation (a little architect lingo). This year the only quarter that will matter is the 4 th qtr. I also want to believe that IOM may know that there is more to the Clik! story than we know about, yet.

RE: BoBo's comments about Nomai, I think that that move was as much about getting quickly rid of a pesky competitor for disks as it was about additional profit or product. Nomai is a none event.

IMO

archcc