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

To: Rocky Reid who wrote (40182)	12/16/1997 4:49:00 PM
From: Cogito	Respond to of 58324

>>In fact, Zip sales have roughly doubled in one year. Now, 5% of new computers ship with Zip installed instead of just 2%. What a dramatic increase--not. Add to this the fact that the Zip's product life cycle is coming to a rapid close, and you have a recipe for IOM stock collapse soon followed by inevitable shareholder lawsuits against KE and Iomega Corp. Seems like my warnings last year have turned out to be true after all.<< Rocky - Zip sales have doubled in the past year, but this is not a dramatic increase? The "fact" that the product lifecycle is coming to a close? According to what evidence? And which warnings are you talking about? That margins would decrease as OEM sales increased as a percentage of sales? That profit margins would decrease as Zip selling prices declined? That the stock price was headed for single digits? That the rebates were not being properly accounted for so there would have to be a charge taken further down the line? That CD-R would render Zip obsolete? Do I have to dig up the posts where you said all of these things? Rocky, if you think your warnings have come true, you're hallucinating. - Allen

To: Rocky Reid who wrote (40182)	12/16/1997 4:55:00 PM
From: Michael Coley	Read Replies (1) \| Respond to of 58324

RE: Rocky is Right. Rocky, >> If Zip were to really become the "standard," one would expect Zip shipments to double every couple of months regardless of what Q it is-- this has not happened. << You're right, Rocky. I think I'm going to sell all of my IOM. Can you give me the ticker of a company whose sales is doubling every couple of months so that I can buy it instead? This pitiful doubling every year just isn't cutting it... <TIC> NOT! (You really crack me up, cRocky!) - Michael Coley - i1.net