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Non-Tech : Any info about Iomega (IOM)? -- Ignore unavailable to you. Want to Upgrade?

To: jwk who wrote (37761)	11/29/1997 11:40:00 AM
From: Gary Wisdom	Read Replies (2) \| Respond to of 58324

Here's a copy of the email I sent to Barron's . . . Would like to see others, too. ________________________ Once again, Barron's foretells the doom of Iomega. And, once again, you are wrong. In Eric Savitz's Dec. 1 column on Comdex, he makes many erroneous assertions. First, that Sony's HiFd drive will be the next "Iomega-killer". How many times have we heard this before? It's interesting how a product that won't be out for at least 1 or 2 quarters will disenfranchise a product with an installed base of over 10 MM units and growing at a rate of 1 MM per month. Savitz also ignores the fact that almost all major box makers have declared Iomega's Zip drive the "standard" and are including it in many of their SKUs already. Savitz addresses Iomega's "high" P/E. He obviously doesn't understand the relationship between earnings growth and P/E. The market dictates that P/E should not only be a function of historical earnings, but of earnings growth. Iomega has consistently posted revenue and earnings growth in excess of the P/E the market affords it. And, they have yet to disappoint those that understand this principle. Savitz ignores the fact that there are many competitors out there with products designed to compete with Iomega. And, the market has clearly shown Iomega to be the winner. Syquest and Imation both have competing products, and both are failing. Note that Imation's LS-120 is backwards compatible with the 1.44 floppy, yet no one is buying this product. What is it about Sony that Savitz thinks that they will do any better? Savitz downplays the importance of Iomega's newest product, Clik!. Although scores of major players in the digital photography marketplace have endorsed Iomega's Clik! and many have entered into agreements to market it, Savitz says that "none of the gazillions of digital cameras we saw at Comdex make use of Clik!". Of course they don't Eric. It is a new product that Iomega clearly states will be available in the 2nd half of 1998. Regarding Eric's comment about Iomega giving away "annoying little clicking gizmos" at Comdex (referring to clickers, the toy that makes that clicking sound), maybe Eric should take Marketing 101 again so he can understand how effective a marketing program this was on Iomega's part. Needless to say, everyone at Comdex was made aware of this exciting new product. I am consistently dismayed by Barron's seeming "lack of love" fest with a company that rewards its shareholders with stellar results each and every quarter. Months ago, you had a column foretelling Iomega's doom. And you were wrong there too. Come on guys, do your homework before writing your biased articles.

To: jwk who wrote (37761)	11/29/1997 11:44:00 AM
From: Gary Wisdom	Read Replies (1) \| Respond to of 58324

To: jwk Re: trading profits Unfortunately (or fortunately) for me, I can make more money trading than I can in my current vocation. As for those of you like you and Dr. Sheila, I completely understand why you don't trade, as your "regular" job takes up most of your days. You're absolutely right ... there are many paths to profit. Whatever works for each of us is the course we should follow.

To: jwk who wrote (37761)	11/29/1997 11:48:00 AM
From: Senthil Sankarappan	Read Replies (1) \| Respond to of 58324

Bingo. This is the point most people miss in their discussion of Buy N Hold Vs Trading. I am a long term holder of IOM and am very very happy that i didn't trade. First of all, i don't think i could have made perfect trades and who knows? I wouldn't be having all the IOM shares I have now if I had tried trading. Next the more important time. I frankly don't know how people with full time jobs find time to do day trades (unless their full time job itself is related to trading). Also, my humble opinion is that rather than people spending so much effort in trying to catch these few dollar movements, they could spend time with their family and the people they love. Trading might be OK for other companies but in IOM where you see so much long term potential, I never felt like pressing that sell button. I am willing to give away couple of dollars of movement than risking not owning IOM ;-) Oh. BTW, I didn't even talk about the tax effect. Imagine Bill Gates trading MSFT rather than holding for ever. I doubt if he will be the world's richest man now ;-) Finally, I tolally agree that it is up to the individuals to decide on what ever way they choose but just keep in mind that there is no such thing as free lunch. Ofcourse, i also agree that i am taking risk also by choosing Buy N Hold but that's the trade off i can settle for. There is also a humble request from me for the traders. If possible talk about the general movement of IOM than about your individual trades of few $$ here and there. This thread will be a lot better place if there will be more discussion about IOM than about our individual trades and egos. Thanks for your willingness to co-operate. Now back to lurking :-) -senthil