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

To: Gary Wisdom who wrote (41038)	12/20/1997 12:29:00 PM
From: Gary Wisdom	Read Replies (1) \| Respond to of 58324

FWIW, here's my response to Savitz (I just sent) Once again, Savitz shows both his arrogance and ignorance in replying to one (of probably thousands) emails calling him on the carpet for his poorly researched piece on Iomega and the Sony vaporware HiFd. Regarding Savitz's reply that Iomega's Zip drive hasn't become the standard, I refer him to Kim Edwards' statement made in January this year where he stated his goal of 10MM zip drives. At 11 MM and counting almost 1 MM per month, how could Savitz ignore how successful this product has become? The fact that OEMs count over 140 SKUs with Zip drives should also give Mr. Savitz pause in his tired and never-ending losing battle to drive the small investor out of this great stock. Maybe Mr. Savitz knows more than the experts at Dell, Micron, Compaq, Apple and others, but I sincerely doubt it. Regarding the obsolescence of the 1.44 drive when, and if, Sony ever comes out with their drive in a commercial fashion, Mr. Savitz should listen to the Iomega conference call made yesterday regarding Sony's chances of commercial success. To replace a $15 1.44 floppy drive to OEMs, Sony would have to sell their drive for less than $50. I sincerely doubt this will ever happen. Zip is successful in spite of its relatively high price point. Why? Because people want it. Mr. Savitz should research a little more before putting out articles that place a pall on the fine efforts of other reporters on your staff. Ever hear of the LS-120? It has backwards compatibility. It was produced by major corporations. And it failed. They're selling them for $70 after rebates, yet no one wants them. Ask yourself why and you'll find that consumers want all the benefits that Zip offers them, including compatibility of millions of Zip users worldwide. Your continued bashing of this highly successful company gives me reason to suspect that Barron's and Mr. Savitz are short sellers of Iomega stock and are providing this inaccurate information to the public for less than honorable purposes. Perhaps the SEC might want to investigate you. If not, they definitely should. In any case, reason will prevail as you'll see the stock price over $50 by the end of 1998 and once again, Barron's will prove to be the ultimate contrarian indicator. ______________ Sorry about the redundancy. Posted on the wrong thread. Didn't have enough coffee yet, I guess.

To: Gary Wisdom who wrote (41038)	12/20/1997 3:38:00 PM
From: Cogito	Respond to of 58324

>>Eric J. Savitz replies: The case for the HiFD drive is obvious. To start, there's a good chance it will replace the current 1.44 megabyte floppy drive now shipped with almost every personal computer.<< Gary - This is wonderful. Mr. Savitz supports his supposition that the HiFD drive will replace the floppy by stating there's a "good chance" that it will. So I guess it's all over for Iomega. That proves it. Mr. Savitz also makes the mistake of believing that because Iomega has not acheived the goal of replacing the floppy already, they have failed to do so. In fact, they never said that the Zip would replace the floppy in less than three years on the market, and there was never any reason to believe it could be done so quickly. - Allen

To: Gary Wisdom who wrote (41038)	12/21/1997 2:14:00 AM
From: HardMoney	Respond to of 58324

Pardon my anger but I'm not in a great mood tonight, and reading Mr.Savitz's response really pissied me off...I mean the guy is a jerkff....Yeah sure the Hifd is compatible with a 1.44 floppy..but....helloooooo.... , MORON, a floopy drive probably costs an OEM $9.99 or less.the Hifd is going to be hard pressed to bring there internal in for less that $99.99, and still lose $ at that which can only be recouped in media profit of which there will be little, Because IOM controls the market.they can pick up a portion , but with the Zip Drive;s exponential growth, not to mention Zip200, it will not be materially negative to IOM IMHO Floppy $10+Zip $65=$75..*by the time Sony comes out with the drive that's what an OEM internal will probably cost Floppy $10+HiDud $100= $110 I'm Savitz's is pathetic ...he a fool!!!!!!!!!! Gee I'm Compaq and I need to squeeze as much margin out of my product, which way do I go...? That's all I feel better now Frank