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

To: Gary Wisdom who wrote (37934)	11/30/1997 10:17:00 PM
From: jwk	Respond to of 58324

#17779 from RR re: dvd Take what he has to say about Sony vaporware with a grain of historical salt. It has been eight months since these posts and it bugs me that he keeps carrying on as if he had a clue or a track record of calling it correctly. >>.....I have no idea what the future holds for Iomega, what with technology such as DVD and M Optical getting cheaper and more popular, but Iomega better start getting off their haunches and come out with improvements PDQ. If SYQT doesn't steal some of Iomega's thunder, then DVD certainly will, just as CD_Rom has. Remember, CD_Rom has been considered standard equipment in computers for a couple of years now. Zip is still an add-on. 1.44 MB floppies are STILL standard, with NO computer makers desiring to dump them in favor of Zip or EZ Flyer. We just may go from a 1.44 MB floppy straight to a 4.7 Gig DVD-Rewrite standard bypassing the Iomega-Syquest war altogether. Who is to say? If these arguments seem ridiculous, then I will pay the price in my portfolio. I'm betting that I don't.<< To which I replied: To: Rocky Reid (17779 ) From: jwk Monday, Mar 10 1997 8:57AM EST Reply # of 37937 Rocky - I think your background information on competeing technologies is seriously flawed. If you're making investment decisions based on the assumption that these technologies are interchangeable with Zip, you may be in for a rude awakening. This need not be a matter of opinion as you can do a little research and find out why DVD, and writeable CD_ROMs do not and will not compete with Zip technology. If you think they do, could you please supply some information which would support that view? MO does compete to an extent, and we can each make our own decisions about which tech has the best chance of meeting market parameters at a profitable price. In regards to your comment in your next post about being long because of future earnings growth, that is my investment bet. I can accept that others may see it differently. That's what makes a market and what makes investing so damn interesting. No need for anyone, long or short, to get personal about different interpretations of price directions. IOM has put a number of major pieces in place during the last year. They are poised to begin to benefit from some significantly reduced costs of operations. I expect these cost reductions to begin to show up in the next few Q's as lowered prices, increased sales, and a fattened bottom line. If I'm wrong - I'll lose some money and move on. I have found your interpretaton of the short position similar to a recent avalanche situation a friend dragged me into. (I take responsibility for my decision to be persuaded) His major arguement - all that snow hadn't come down yet! Conditions were ripe and all the signs were there . . . but the lure of the possibiltiteis for a great time clouded judgement. Well, It did come down in a big enough way to make us very thankful that we somehow mananged to ski out of it. We ignored the signs, made foolish decisions and almost paid too big a price. 23,000,000 is a lot of shares to have hanging over your head. They will, at some point "come down". As someone said - the sale of these shorted shares is already factored into the current price. This company is getting stronger, not weaker. And, the demand for removeable storage of all types and brands is growing significantly.