To: Kashish King who wrote (42109 ) 1/3/1998 2:03:00 AM From: Rocky Reid Read Replies (7) | Respond to of 58324
>>Rocky, you seem to have a keen insight and that's got me more than just a little concerned about my long position. Are you suggesting that faster, denser and cheaper solutions threaten IOM or are you alluding to the glaring quality issues which were recently brought to light on this thread?<< Glad you brought this subject up. While I too am concerned about my long position, I feel that we should still have a bit of a run-up prior to earnings. This has historically been a great opportunity to dump shares on unsuspecting sucker investors as they clamor for position while the inevitable short squeeze begins, and the stock rockets upwards 100%-200% as Iomega announces stellar Quarter numbers. The only problem with this scenario, is that IOM is not IOMG. IOM is a Wall Street punching bag and it has indeed taken its lumps as of late. Iomega's shenanigans and disgraceful hype at Comdex have not gone unnoticed by Wall Street, and the recent failure of the stock to appreciate along with other drive stocks is indicative of its slumping stature. Rest assured, IOM will drop like a stone soon after earnings are announced--whether the earnings are good, or bad. Also what should have would-be investors concerned, is the inevitable arrival of 2.1 Gig Orb, 4.7 Gig Quest, 200MB Sony HiFi, and 2.5 Gig SyJet II. These, along with the continuing price slashing of CD-Burners, and especially CD-R media, has to have a chilling effect on a fund manager's outlook for this now behind-the-technology-curve Utah outfit. Iomega is only now announcing employment positions for Magneto-Resistive technology. SyQuest and Castlewood are already delivering MR tech during this coming 1st Quarter. The quality concerns regarding Iomega are serious, but the market has shown in the past to disregard quality and go along with what everyone else has--Witness Win95, McDonalds, and Zip. However, these low quality items are easily replaced when slick marketing is met with slicker marketing. You can be sure that Sony will definitely put the word out that Sony HiFi backwards compatible technology is about to hit the shelves and occupy every Sony computer shipped. Feel free to ask for more info regarding Iomega's lack of concern for their customer's satisfaction, and complete arrogance both in their management decisions, as well as in their virtually criminal $15 charge just to talk to a tech rep.