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

To: Jock Hutchinson who wrote (46644)	2/2/1998 6:55:00 PM
From: isdsms	Respond to of 58324

And what do we have here? Another clown to save us from ourselves. Thanks Jock, I'll liquidate tomorrow!

To: Jock Hutchinson who wrote (46644)	2/2/1998 7:08:00 PM
From: Michael Coley	Read Replies (2) \| Respond to of 58324

RE: Dear Jock Come Lately, One amazing thing about this stock is how many people have absolutely no clue, but show up on a regular basis to share their "knowledge". Jock says: >> You people are amazing. This stock has seen its price go down 80 percent in slightly more than two and one half years << Go back to remedial math class--maybe you'll pass it this time. 2 1/2 years would have been 8/2/95. On 8/2/95, IOMG had a high of under 2 1/2, split adjusted. Since it's 9 11/16 now, that looks like a 300% increase, not an 80% decrease. >> and now you are going to tough it out even if you have to wait a year and a half for your stock to triple in price. Boy that's real investing. << Very few people are expecting that kind of return in that time frame. But it's done it in the past. Even with the recent decline, IOM has been one of the biggest winners in many of our portfolios. >> Folks get real. This is a commodity product with a transitional product that can be readily duplicated by other more fully financed competitors. << A commodity product? Do you really understand what Iomega sells? It's not hard drives. Readily duplicated by others? Have you ever heard of intellectual property? Patents? Zip, Jaz, Ditto, Buz, and Clik! are protected by literally dozens of patents. Sure, others could make them. Two others are ramping up to do so already--they're called licensees. More fully financed competitors? Hello? Obviously you haven't compared balance sheets with Iomega's "competitors". Iomega has $200 million in cash, and has been cash flow positive for five quarters now. Their nearest competitor, SyQuest, has $7 million in cash and has bled about $200 million in losses over the last three years. >> And what does the company do? It engages in a 100 million dollar campaign << You better believe it does. Advertising works. Just ask Microsoft, Intel, Nike, Coke, or any other successful company. >> to essentially correct an inventory imbalance << No, to decrease the time to standard. If there's an inventory inbalance, why do they have a backlog of $263 million? >> not spend the money on its new so-called cutting edge products that have been "delayed." << Products which will be released this quarter. Why would they need to spend money on them? I don't understand what you're getting at here. >> And upon whom do many of you rely? Some sociopath who calls himself Dr. Iomega. << I haven't seen one person say that they made a trading decision based on "the good doctor's" comments. (But then again, I wouldn't admit it if that was the case, either... <G>) Sure, some people may have been taken in by an imposter, but what does that have to do with anything? >> it's going to be awfully difficult to get many funds to buy in now that the stock is priced under ten << Yes, it will be. But we're at $ 9 11/16 now, and have been steadily heading back up over the past few days. I don't know if that trend will continue, but I have a hard time picturing IOM staying below $10 for a very long time. If you're so confident that IOM is heading down, please short it. We'll see who's right in six months, a year, or five years from now. - Michael Coley - wwol.com

To: Jock Hutchinson who wrote (46644)	2/2/1998 7:17:00 PM
From: Gary Wisdom	Respond to of 58324

Jock, thanks for the uplifting post. I feel much better now. Oh, yea, and I have an itch. Guess where?

To: Jock Hutchinson who wrote (46644)	2/2/1998 8:17:00 PM
From: Linda Pearson	Read Replies (1) \| Respond to of 58324

Welcome Jock, are you TMF DrIomega impersonator??? You write amazingly as stupid as he did. I would be hard pressed to believe otherwise. Since you are obviously short, I suggest that you dig a little further into what the company has to offer. Remember, if you are short, you don't OWN anything. You are gambling. Get the facts straight first. Good Luck to you... Linda

To: Jock Hutchinson who wrote (46644)	2/2/1998 8:37:00 PM
From: John Alan Wallace	Respond to of 58324

Jock, You da man, I could hardly ever expect to be such a good investor as you. However, I have been investing (aka--throwing good money after bad) in Iomega since Aug 1996, My basis at that time was more than $15 and right now it is less than $3. i realize having a basis of three in a $15 stock is certainly better than in a $9 stock. But until someone can tell me a better way I'll just continue to struggle along. Oh BTW, did you know that there are 47 million shares bought in the $8 dollar range in one day. If my money is dead for 1 1/2 years at least I won't be by myself. Cheers JW