SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Any info about Iomega (IOM)? -- Ignore unavailable to you. Want to Upgrade?


To: isdsms who wrote (47165)2/8/1998 12:21:00 AM
From: Gary Wisdom  Respond to of 58324
 
Hey Ira, re: <<byproduct of these threads is determining the motives of these faceless posters.>>

Guess I know your motives. Perhaps it has something to do with sending emails disparaging others just to make yourself feel a little better?

To quote Buzz Lightyear, from my favorite movie of all time, "You are a pathetic little man"

Get a life. The stock hasn't "temporarily dropped". It has tanked 50% in less than 2 months. Is that like being "a little pregnant"?

In respect to my "option plays", the value of my stock has depreciated much more than my options. So, once again you are wrong here. I can live with losing some money on this month's options, as I've made plenty more in prior months. But, to see a 35% drop in the value of my "long term holdings" in one day is unacceptable.

As for your question "why don't you just sell the stock?", I will. However, I feel that there are plenty of suckers like you still out there that will bid this stock up some more yet. Once you hit my sell price, then I will be out.

I predict that the stock will run up to $40 after I sell it sometime this year. I also predict that it will drop back down to $8 exactly one year from now. And, lastly, I predict that suckers like you will watch it go up and then watch it come back down to $8 and then praise KE for the fine effort he is making once again.

You see, Ira, it's suckers like you that watched it fall from $27 2 years ago to $10 now that the Street loves. Sheila hasn't lost perspective. She's just asking the questions that any informed investor should ask.

Maybe you should stop trying to trash everyone and learn from others like Sheila and Rocky. Maybe then you'd get some perspective.

Certifiably yours . . .



To: isdsms who wrote (47165)2/8/1998 2:36:00 AM
From: Reseller  Read Replies (2) | Respond to of 58324
 
IOM's stock price.
As a general question to anyone, who is responsible for the
share holder return ?
We all know of the fantastic growth of the company and we
are all painfully aware that for the last almost two years the stock
price hasn't realized the growth or potential of the company.

For those that are saying that K.E. is doing a great job growing
a company in historic fashion , I would suggest that no one is
in dispute of the facts. On the other hand he is also given
credit for managing a poor return of stockholder investments
for at least the last 19 months.

That is unless someone else is responsible for shareholder return.

I like the way Jack put it.>> K.E. is only rowing with one oar. <<

Reseller



To: isdsms who wrote (47165)2/8/1998 2:45:00 AM
From: Fred Fahmy  Read Replies (2) | Respond to of 58324
 
Ira,

Count me in as one of KE's biggest supporters and according to Gary yet another "sucker". KE's performance speaks for itself. The numbers speak for themselves. What KE has accomplished is nothing short of miraculous and historic. I have challenged KE doubters many times to show me any other company that has grown so quickly. KE built a multi-billion dollar company out of nothing. This would be comparable to someone taking over Syquest right now and making it a nearly 2 billion dollar company with tremendous brand recognition in a couple years. KE has delivered and more importantly continues to deliver. Despite missing estimates, last Q was yet another solid financial performance in a tough macro economic environment. KE and all Iomega employees are to be commended for such a fine performance.

IOM's stock price drop is hardly unique in the tech industry. INTC recently dropped about 35% from its high. I have held INTC through other such drops of nearly 40%. Despite these irrational drops, INTC's long term chart speaks for itself. There are countless examples of huge successful tech companies losing much more of their value than IOM recently has. It doesn't mean that they aren't great companies and in many cases the drops merely represented tremendous buying opportunities. CSCO also had a similar drop in stock price last year.

If there is one thing I have gathered from reading this thread for the last 2 years is that there is a strong short term thinking bias here. There also seems to be an unhealthy amount of emotion both when the stock is doing well and when it is not doing so well. Currently, I find the whining almost comical.

Another KE "sucker",

FF



To: isdsms who wrote (47165)2/8/1998 9:45:00 AM
From: FBarron  Respond to of 58324
 
If people can make $ with something, they like it. If they can't, they don't.

GUILTY!