Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: isdsms who wrote (40986)	12/20/1997 12:34:00 AM
From: Gary Wisdom	Respond to of 58324

Here's an article from earlier this year that you might find interesting . . . Iomega Corp. zips toward 10 million Company wants to make the Zip drive the industry standard January 29, 1997 By MIKE MARINO Standard-Examiner staff Ten million Zip drives. While not as memorably Hooveresque as a chicken in every pot and two cars in every garage, it's what Iomega Corp. president and CEO Kim Edwards feels would make his company's Zip drive the industry standard, if not a household word. "We've talked about it internally, and from an expert perspective I really don't know what the answer is, where the volume is enough to say that it's the industry standard," Edwards said Tuesday night, after the company's conference call to announce its 1996 earnings. "But I have a feeling in my gut . . . and my gut tells me it's 10 million. Once you're at 10 million plus of these things out there . . . if we could get to 10 million, then I think we're close." During its conference call with analysts Tuesday, Iomega announced that as of December it had sold more than 4 million of the flagship 100-megabyte storage devices, which were introduced in early 1995 and are the product primarily responsible for giving Roy a billion-dollar company on 1900 West. That 4 million didn't come steadily, either. While it took 10 months to sell the first million, it took only 11 more months to sell 3 million more. And Iomega's production facilities are now capable of producing 8 million of the drives each year. Exponentially, that would mean the 10 millionth Zip might fly off a shelf sometime this summer. In reality, though, the battle is still being waged to replace the 3 1/2-inch floppy disk as the industry's preferred method of storing and transferring information. -------- Note that KE's goal was 10 MM. Guess he got what he wished for AND MORE!!!

To: isdsms who wrote (40986)	12/20/1997 12:43:00 AM
From: Naggrachi	Read Replies (1) \| Respond to of 58324

<<Very reassuring and puts to rest any doubts about where this company is heading>> I knew that, you knew that, what I can't believe is how the stock reached these lows. If you ask me, given IOM's future, this should have never taken place. Yes, it was reassuring and a welcome relief not haveing to wait 'till earnings for questions to be answered, as this has been their policy in the past. Being conservative is one thing, being stomped by people whom you could care less about their existance (read Herb G.), much less their opinion, is another. As IOM's business model is solidyfing, my take is that they are no longer afraid of speaking out. Quote of the day: "IOM is top dog!!" As to cRocky investing in IOM, NOT!! With today's events what other way could he save face? I don't believe for one minute that he's in. Zead