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

To: Gary Wisdom who wrote (45857)	1/27/1998 3:30:00 PM
From: Jack Wolf	Read Replies (2) \| Respond to of 58324

Gary, When is the next shareholders' mtg.? If there is anything to vote on that KE wants, I am now against it! Don't think we are on the same team. In fact, wonder what chance there is of getting rid of him. Maybe IOM is too big for him now. We need a CEO who recognizes a responsibility to improve shareholders value! I am a long time IOM investor, and mad as h***! (Could you guess it?) J.

To: Gary Wisdom who wrote (45857)	1/27/1998 3:31:00 PM
From: David S.	Respond to of 58324

Gary, Only the lawyers make money on these stock drop suits. If they get a class action going, they really rake it in from both sides. You and your buddies put up the cash for the case, pay their salaries, fees, etc. If you lose, your money is gone. If you win, usually by settling, the lawyers suck it all up and you will be lucky to get back the fees you paid. I have had two dozen of such suits come my way and I used to dutifully fill them out, digging up old info, statements, etc. Never got a penny back, even with a settlement supposedly in hand. Have fun. But its a waste of time. Regards, David S. Long on Intel and Iomega

To: Gary Wisdom who wrote (45857)	1/27/1998 4:08:00 PM
From: Cogito	Read Replies (4) \| Respond to of 58324

>>A lot more sense than watching your investment go in the toilet and doing nothing. I'm not just thinking about it Allen, I've started it.<< Gary - A lawsuit will certainly not help you regain what you have lost. It won't help the company, and it won't pay off for you. And I really can't see what grounds you have in the first place. KE sold some shares and then missed the quarter? How could he have known they were going to miss when he sold? The stock was split when management knew they would miss the quarter? How could they have known that at that time? They failed to warn of impending missed earnings? Of 1 cent? Give me a break. They failed to understand how badly the street would react to the advertising budget increase? Again, how could they know? KE performed badly on the conference call? Sure, but it isn't grounds for a lawsuit. A shareholder lawsuit at this time only detracts from the value of the shares you are holding. It is groundless and counterproductive. I understand your anger, but no one forced you to buy when you bought, and no one forced you to hold. The ultimate responsibility is yours. As a person who is still holding, it makes me furious that you are starting a lawsuit. You're not helping anyone but some lawyers who don't need or deserve it. Certainly any lawyer who would bring such a specious lawsuit doesn't deserve anything but contempt. - Allen