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

To: Gary Wisdom who wrote (45918)	1/27/1998 9:50:00 PM
From: Reseller	Read Replies (1) \| Respond to of 58324

Gary, Whaa whaa : ). There's no question that they have failed measurability with regard to stock value. I told Stilling that I wasn't sure whether it was her department or not but the job wasn't getting done. Reseller

To: Gary Wisdom who wrote (45918)	1/27/1998 11:45:00 PM
From: Naggrachi	Read Replies (5) \| Respond to of 58324

Re: Stock price I know that I'm going to get flamed for this, but, here it is anyways. Warren Buffett (sp?) doesn't expect a stock that he just purchased to go up immediately. In fact, if I heard this right, it takes 3 to 4 years before the business plan of the company begins to materialize and the company's security begins to appreciate. I have seen this stock fall from $55 to $14 and now for $33+ to 8 and maybe lower. It is painful when these events occur, however, I remain a long term investor. KE has stated that he sees this companny at annual sales of $5 billion. He has repeatedly stated that he does not worry about the stock price, rather, "build a strong corporate foundation." As to KE being a conman, well, anyone who has followed this company in the last 2 years should not be surprised. When IOM use to sell in the $40's, during the 2Q of '96 earnings release, KE talked about buying a factory in Malisia and how it would take time to get things strightend out. In his words, the 3Q was going to be a "challeng." When Q3 earnings came out, the beat estimates by 2 cents. He always takes the conservative road. Based on what I've been reading the last couple of days, it seems that many of you are no longer investors. From the sound of things, this stock thingie has become a gambling thing. Furthermore, why would anyone put SO many eggs in one basket??? Zead

To: Gary Wisdom who wrote (45918)	1/28/1998 9:38:00 AM
From: Brent D. Beal	Read Replies (1) \| Respond to of 58324

** Doesn't it strike you that they have no concern whatsoever for the stock price? Sorry, but anyone that bought after january of last year has lost money. Now. if the company lost money, I can understand this. But, with a company with as good growth as has Iomega has actually seen their investors lose money with the company, doesn't that make you question their concern for their shareholders? ** If you want to see what a little image management can do, look at AOL--approx. the same earnings/share (actually IOM, at least on a cumulative basis has earned more) and AOL is at 90+ while IOM is at 8 and sinking. What's the difference? AOL cares about their stockholders and has been very conscientious about shaping a future image of the company that is positive. . . IOM apparently couldn't give shit what happens to those who own their stock. Even though I hate AOL, it almost makes me want to own the stock. . .

To: Gary Wisdom who wrote (45918)	1/28/1998 12:37:00 PM
From: stock bull	Respond to of 58324

You can now see why the Institutions and "big money" investors hate IOM. DEC (Digital Equipment Corp.) had a similiar shareholder value problem as IOM. A small investment firm (with less than 1% of the stock) met with a number of major investors. As a result of this meeting, they were able to get a number of measures on DEC's shareholder ballot. All these measures were intended to improve shareholder value. (Some examples: Stagger the election of Board Members, drop the posion pill, hirer an investment banker as needed to market the company, etc.) A number of the measures were passed by the shareholders. I believe that this "attack" on Palmer (CEO) and the Board really got their attention. In any event, it was announced this past Monday that CPQ was buying out DEC. I can't say for sure what impact the shareholder action had on management, however, I can't help but believe that it got their attention. Does anyone on this thread known of an investment banker/firm that would be willing to take a similiar course of action with IOM? Comments appreciated. Stock Bull PS: The way the chart looks, and the stock's action, I think we are heading to 7 1/2. This seems to be a resistance level for the stock.