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


To: Cogito who wrote (44606)1/22/1998 10:18:00 PM
From: Alan Rosen  Read Replies (2) | Respond to of 58324
 
I haven't waded through all of the after 6 pm posts yet, but you are being kind about KE's candor, some serious judgement issues here.

The recent split was about as well conceived as the ill fated secondary issue over a year ago. The institutions still haven't gotten over that sucker play.

I think there have been serious marketing mistakes. ZIP should have been on the street for $99 or less before Xmas....build the base...this is 3 year old technology. Zip is the still the key.

Jaz is a niche product, too late to dominate it's market. Better values out there.

I am starting to think that management has painted itself into a corner, they don't really know where to go or what to sell. They are stuck being a storage company with only one product that has broad appeal and it isn't the best technology or the best value.

On another note, what about shareholder value? Isn't this something Mr. Edwards should be spending a little time with?

Man, I am just kicking myself, I smelled this coming and I did nothing, I just can't pull the plug on this one!

archcc