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

To: Gary Wisdom who wrote (45274)	1/24/1998 1:44:00 AM
From: Brendan2012	Read Replies (1) \| Respond to of 58324

>>I think your biggest problem is KE. He has to go. He is a snake oil salesman that is hosing the shareholders big time.<< I think you may be a bit overly negative on him. Yeah, he's bad on CC spin. I don't think that's a good reason to get rid of him, though. >>If Iomega has a backlog, and we all know of the absence of internal Zips at retail, why the hell are inventory levels up? This doesn't make any sense at all.<< I believe KE stated in the CC that most of the inventory increase was due to products such as Jaz2 and Buz that aren't shipping yet (unfinished goods?). Brendan

To: Gary Wisdom who wrote (45274)	1/24/1998 10:03:00 AM
From: Fred Fahmy	Read Replies (6) \| Respond to of 58324

Gary and other KE critics, KE is IOM. He rebuilt this company from the ground up and is responsible for one of the most impressive turn around stories in corporate history. He continues to deliver impressive financial results. He laid out a strategy a few years ago and made it public and he has executed that strategy to near perfection including these latest results which are an excellent indication that IOM is right on course. Unfortunately, the analysts were slightly high in their forecasts. Instead of being mad at KE you should be upset with WS's irrational short term reaction to a solid financial peformance. How many companies growing earnings at 100% are trading at such low multiples. KE is the main reason I remain invested in IOM. He has delivered on everything he has outlined (ignoring the exact timing of product announcement; product delays in the high tech industry are routine and expected and all part of getting feedback and bringing customer driven products to market). IOM remains on trak to continue to be one of the fastest growing companies. In my estimation earnings in 1998 earnings will be up approxmiately 50% to around .60. This gives us a foward looking P/E around 14 or about 1/3 the earnings growth rate. It's funny that people can change their opinion of a company so drastically based on how WS reacts rather than based on the fundamentals of the company. Fundamentally, IOM looks as strong as ever and now for the first time in a long time looks seriously undervalued. I'm not happy about the price drop either, but put the blame were it should be, with WS's irrational reaction to a spectacular year to year and sequential performance (especially in light of macro economic issues). P.S. Dr. IOMEGA: I have always enjoyed your contributions and many of your forecasts have been very accurate. I hope you will continue to provide your opinions (which everyone should remember are just one persons opinions). FF