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

To: Naggrachi who wrote (45944)	1/28/1998 12:12:00 AM
From: N4ZQ	Respond to of 58324

...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???... Well said!

To: Naggrachi who wrote (45944)	1/28/1998 12:25:00 AM
From: Ken Pomaranski	Read Replies (2) \| Respond to of 58324

<< Re: Stock price >> I absolutely, 100% agree with your post. Very observant and it hit the nail right on the head. The so called 'long term investors' in the stock (definition: people caught up in the hype), bail at the first sign of trouble. Very weak hands, in above their heads, in WAY more than they should be. They hang around the thread, read all the hype, believe the wild posts about huge EPS and revenue numbers coming, sell all other 'boring' stocks, buy more Iomega then.. BOOM! Blasto! Panic!!! Margin calls! KE is the 'devil reincarnated' etc... This is the problem, but unfortunately, there is no good solution. These almost always end the same way. What we have is 250 million shares out there with certainly no institutional backing until things get under control. The last of the 'faithful' will flee, THEN it MAY be a good time to start picking up shares. But, the following needs to be answered first: 1. How will this Naomi lawsuit turn out? 2. Flattening after market sales. 3. Tie ratios decreasing (glut of ZIP disks out there) 4. 2 1/2 years of component problems. 5. What the heck is this huge build up of inventories? 6. Asia BS 7. Clik! <- no OEM support, no power specs given. 8. Sony dumping drives in Q2/Q3 9. where will the 100M come from? 10. Jaz vs. Syquest vs. Castlewood, etc... 11. Zip laptop, continuing delays 12. New SRAM supplier bothers me. Why not Motorola? 13. $600 PC. 14. Early Adopter saturation Good Luck! kp

To: Naggrachi who wrote (45944)	1/28/1998 3:05:00 AM
From: Chucky	Read Replies (1) \| Respond to of 58324

Zead, "why would anyone put SO many eggs in one basket???" As long as you were referring to Buffet, I believe he said it was better to have fewer baskets and just watch that basket closely. Doesn't he abhor diversification? He didn't believe you could ever produce substantial returns if you had to be right that many times. Later Chucky

To: Naggrachi who wrote (45944)	1/28/1998 12:57:00 PM
From: stock bull	Read Replies (1) \| Respond to of 58324

The stock did not drop from 33+ to 8. It dropped from 33+ to 16, you must account for the 2:1 split. If you were Buffett, you would be sitting on IOM's Board of Directors and watching your money and how the hell the company is managed. I feel that KE, in so many words, told the analysts that he will run the company in any manner that he wants, and they, the analyst, should stay the hell out of his "play pen". So, the analysts say ok, and go away. Of course, they then kill the stock. This problem is not going to be fixed for sometime to come. IMO, the best course of action would be for a new management team to take over the company...just like AT&T...look at that stock. Stock Bull