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

To: Michael Coley who wrote (44621)	1/23/1998 10:11:00 AM
From: Brendan2012	Respond to of 58324

Let's look at a positive from the conference call: Zip unit sales were higher than expected (I think they must be over 3M for the quarter, then) IMO, Zip unit sales are the main thing, the most important of all. The main negative appears to be a 10% shortfall in revenue from what was projected. Asia appeared to affect the company more than expected, with less cost benefit than expected due to cheaper Malasian currency. I don't think this warrants such a punishment in the stock. I was dissapointed in the tie ratio last quarter. That was the big surprize, after previous increases. The analysts seemed awfully negative on the whole advertizing vs. price reduction issue. I have been saying for some time that I would like to see more advertizing, and I happen to be happy to hear about the increase. The analysts were trying to put the spin on this as an indication of decreasing Zip demand, which I think is not likely. Overall, the spin is way too negative. It wasn't that bad a quarter, and IMO long term still looks good. Clik!, without having sent working final prototypes to OEM's should not be expected to have an agreement yet. I am not concerned. However, no agreement by May/June would concern me. Yes, Clik! still does appear to have plenty of potential. Yes, I still think that Zip is in position to get into more and more computers, and with time the 3.5" floppy will fade away, much like the 5.25". I personally have found 3.5" floppies inadequate for file transfer needs today, and there is no good alternative other than the Zip. Yes, the 3.5" will fade away eventually, and it still looks like the Zip will be the thing to replace it. HiFD is still not a threat, IMO, unless priced below $50-60. After this surprize, I will attempt to refrain from cheerleading in the future (but hey, it is fun).