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

To: Gary Wisdom who wrote (45882)	1/27/1998 4:45:00 PM
From: s. bateh	Read Replies (1) \| Respond to of 58324

I for one will go to sleep for the next 6 months and see where we are at....we missed estimates.......so what......we were not told......thats ke's way......BUT...we still had a good qt. and probably more to come...if the ads work and we continue to grow...this will all be a thing of the past in 6 months and we will be back in the 30's(hope).....go back to the thread in the early days and you will see the same talk going on.....it will turn around....one has to fricking hope....see ya

To: Gary Wisdom who wrote (45882)	1/27/1998 5:36:00 PM
From: Tim Kenney	Read Replies (3) \| Respond to of 58324

Gary: KE is a sleazy con-man, but there is nothing new in that. It is not KE that misled you as much as the chorus on this board that misleads itself. Dissenters are treated as if they are the subject of a McCarthy witch-hunt, so all you have left is the hosannah chorus.

To: Gary Wisdom who wrote (45882)	1/27/1998 5:46:00 PM
From: E. Graphs	Read Replies (2) \| Respond to of 58324

Gary, You don't really think a lawsuit hurts KE or anyone else at Iomega, do you? It seems to me it would only really hurt the existing shareholders who have been hanging in while hoping for a reversal in sentiment. This lawsuit keeps new investors away like a plague, and causes the stock to continue to fall beyond where it might have started basing. Gary, I don't think you own any stock now, or you might care about what value there is left in it. If you think you're going to get reimbursed for your losses you are probably not as experienced as you have come off to be here on the thread. Let me show you some progressive deterioration in charts of companies that are having similar problems in missing estimates or wayward CEO comments, followed by shareholder lawsuits. Then go visit the threads to see if they are getting a big payback equal to the further damage they have brought the stock by their lawsuits. quote.yahoo.com I was going to stay long but with you around blabbing a lawsuit I'm gettin' out tomorrow. I'll come back when/if things change around here. I also suggest that the thread try to get rid of the bald Martians and others who have turned this thread into their own private chat corner. E. Graphs (from Venus)

To: Gary Wisdom who wrote (45882)	1/27/1998 10:12:00 PM
From: Cogito	Respond to of 58324

>>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.<< Gary - Please understand that I am only trying to view the situation as fairly as I can. Compiling fourth quarter and year-end numbers on hundreds of millions of dollars in sales for a company with offices on five continents is not something that can be done overnight. I am sure that the accounting department knew the results of the quarter with a certitude only a very short time before the conference call. Probably only a matter of days at most. But even if they new a week or ten days or two weeks before, what difference would that have made? Do you think a pre-announcement of an earnings shortfall would have been greeted with any less of a selloff than the actual announcement was? The decision to split the stock was made in November, not more than halfway through the quarter. There is simply no way the board could possibly have known that they would miss earnings by one cent at that time. Bad salesmanship is probably not actionable. But if you think KE is the sole cause of all of Iomega's problems, then why don't you contact the Board of Directors and demand his dismissal. That makes more sense than bringing suit against the company, which since you are a shareholder is like suing yourself. I do understand that you own more shares than I do, so naturally you are more upset. I am very sorry for your losses. Nonetheless, the amount of money I am out is a substantial percentage of my total worth, and I hope you don't think that it doesn't hurt. It hurts me, and it hurts my wife. - Allen