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Non-Tech : Rocky's Personal Iomega Thread -- Ignore unavailable to you. Want to Upgrade?

To: Alan Rosen who wrote (80)	1/22/1998 4:59:00 PM
From: Rocky Reid	Read Replies (2) \| Respond to of 166

Thank you Believe me, I gain no satisfaction from other people's misery (even though some here would like to disagree). I wish everyone could make tons and tons of money, and live happily ever after. But this market is a take no prisoners business. I've lost money before in IOM ( as others here gleefully point out), but I've had two pretty good succesive short term trades in it. This will be the last trade I ever deal in IOM. For Iomega, the party is over. The stock will go into hibernation. A lot of what I've read in the earnings report reflects a great deal with what I've been saying all along. Take this for example: "Our combined Zip and Jaz businesses grew 48% over the fourth quarter last year and 54% on a full-year basis," Edwards continued. A lot of Iomega investors base their support on Zips becoming standard with every computer under the sun. This will not happen. The numbers bear this out. A 54% increase in business year to year is impressive for any industry, but this rate of growth does not make for a standard when you begin the year with <3% Zip inclusion, and end it with <6% inclusion. This with the fact that mega-corp Sony is due out this year with a competing product that has better all-around specs and features, and the muscle to sell it at a loss to get the drives in the boxes. Sony can then exercies the "razor blade" model to gain back its short term losses. Zips are in a lot of places. But they are not everywhere. The numbers speak for themselves.