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

To: sheila rothstein who wrote (47153)	2/7/1998 7:32:00 PM
From: isdsms	Read Replies (1) \| Respond to of 58324

<<I hope that the Board of IOM will do something to rectify the inadequacy of the CEO.>> With all due respect, I suggest that you dig a bit deeper and invest some more time learning about Kim Edwards and his accomplishments before embarrassing yourself by making statements like the above. Go back to his days at GE to begin. Then move on to his successes at a small battery company in Georgia. From there find out where Iomega was at before his arrival and you'll learn about one extraordinary CEO. He is not infallible, but certainly ain't chop liver either.

To: sheila rothstein who wrote (47153)	2/7/1998 8:36:00 PM
From: Gary Wisdom	Read Replies (1) \| Respond to of 58324

Sheila, your comments are well-thought out and correct IMHO So, don't feel compelled to back off of them due to comments from others. I still can't understand how KE could have such fans out there when he has failed miserably the past 2 years providing any return at all to his shareholders (of course, not including himself who was fortunate enough to sell a substantial amount of stock near the peak). It is one thing to accept kudos for bringing Iomega from a fledging company into a bigger company. It is another to do so while being in command when your stock does not appreciate commensurate with the growth the company has sustained under his rule. As for margin calls, you are correct. A lot of people lost some shares very cheaply in the past 2 weeks due to the imprudent use of margin to leverage their investment (including me). Perhaps some good may come out of this after all. I, for one, learned never to hold a tech company on margin any longer. I think it's still ok to hold some stocks on margin. However, this strategy should be used only for the bluest of blue chip companies with good management. Iomega is not one of them. I have not bailed out of my Iomega investment, and do not plan on doing so. However, after this latest fiasco is played out (it isn't done yet in my opinion), I will relegate Iomega to that portion of my portfolio reserved for highly risky investments. IMO, KE is solely responsible for this stock being viewed that way. It should not be, based on the huge brand equity Iomega possesses. As for the Board, I wouldn't hold my breath if I were you. The only way that volatility will be removed from this stock is when another company with better management buys it. And, IMHO, this will happen sooner than later if KE doesn't change his tune regarding Iomega's relationship with the analyst community. For, as you know, the individual investor doesn't have nearly enough money to support this stock. Until the Street does too, it will go up, and go down, and go up, and go down ad infinitum. 'nuff said. Just rambling. Sorry. Oh, yea, regarding who was buying during those 5 days when the stock sank to $8 . . . it wasn't the institutions. Much of it was done by individual investors that had sold Iomega above $12 before and thought it was a bargain under $9. Much of it was bought by traders, looking to make a quick buck or two. Much of it was bought by short sellers covering. IMO, if any institutions bought the stock, it was AFTER it hit $8. Most institutions do not bottom fish. They'll wait for confirmation before buying a stock such as this. On the bright side, I think most, if not all, of the weak hands have been flushed with this latest catharsis. That's good news. With some good PR by KE this week at Bear Stearns, I think it's entirely possible to see Iomega back above $11 on strength very soon. Not $15, but a start.

To: sheila rothstein who wrote (47153)	2/7/1998 11:06:00 PM
From: eric sahlin	Read Replies (3) \| Respond to of 58324

Sheila R, You should be entitled to your opinion of course, but if your not happy with KE then maybe you should sell and forget about bashing him over one conference call. If you would have followed and invested in the company in 1995 maybe you would have a little more respect for KE. This company has grown faster than Microsoft, and that is not a small accomplishment considering that IO actually makes a mechanical device. Software is but a "knowledge" product, fairly easy to produce compared to a small mechanical/electrical device designed to very close tolerances. For the short term investors like yourself and most of the "Street" (too bad your losing money) you want quick short term gains; and as you might have guessed KE couldn't give a rip about the short term. He has a long term vision and is dedicated and doing everything he thinks possible to achieve his goals of getting into the majority of the boxes. If you don't agree with his strategy..then sell like the rest of Wall Street. It is not easy to lead a fast growing company that actually manufactures something; there will be production and warranty problems along the way. My guess as to why you and the other KE bashers stick around is that you are afraid KE will pull it off and his vision will be reality. Before you enlighten us to as how well you have led a 1.7 billion dollar company, maybe you should start looking for another stock to follow. KE has done an incredible job: if you didn't think so then why did you buy the stock in the first place? E