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

To: Cogito who wrote (45874)	1/27/1998 4:25:00 PM
From: Jack Wolf	Read Replies (1) \| Respond to of 58324

Allen, OK, no one made us buy this stock. Three cheers for KE and the boys. Too bad about us, poor little stockholders. Suckers may be the correct term for us though. J.

To: Cogito who wrote (45874)	1/27/1998 4:38:00 PM
From: Paul Tarbox	Respond to of 58324

Allen- I am with you on this one. I cannot fathom on what grounds anyone would start a lawsuit and it does demonstrate a need for tort reform. If vagaries of the market cause an individual investor this much pain, they'd really be better off in investment grade bonds or treasuries. All equity investments involve substantial risk and prudence dictates diversification and patience. I bought some IOM yesterday and recognized early today that 8.5 was not going to hold so I did a couple quick trades and have my basis, net of commissions, under 8 for the shares I picked up yesterday. As a matter of point, I have been in the market since 1981 and have had the distinct pleasure of owning companies that filed bankruptcy and also have had several that have increased ten fold. You do your reseach and make decisions and there is NEVER a guarantee that your pick will go up in a linear fashion. I never considered filing a suit against those companies where I had a huge loss-but I also never invest more than 10% of my risk capital in any one company. Paul Tarbox

To: Cogito who wrote (45874)	1/27/1998 4:40:00 PM
From: Gary Wisdom	Read Replies (4) \| Respond to of 58324

Allen, in response to your response to me: If all the information that we have now was made public (as it should have been), you are right: I have no basis for a lawsuit. BUT, how can you say that KE had no idea of the problems of the company when he sold his stock? Do you know that? And, how can you say that they did not know of the earnings miss when they split? Do you know that? And, how can you say the company didn't know before January 23 that they were going to miss? That is unbelievable. Of course they knew. They should have pre-announced. Period. Regarding KE's performance on the CC, I disagree with you as I do feel his incompetency is a cause of action. As for the lawsuit being counterproductive, that's your opinion. I guess the verdict will be the ultimate arbiter on this question. You bet I am angry. And I plan on doing something about it. If you do not plan on doing likewise, that is your option and right. I guess if I owned 1000 shares, I would not be so upset. But I own quite a bit more than that. As do others on this thread. This is why they have securities laws.