Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: KM who wrote (48351)	2/20/1998 2:03:00 PM
From: Spank	Read Replies (1) \| Respond to of 58324

Truff, if you're offended at losing 30% (like the rest of us) AFTER the market closed, why aren't you more interested in the "discovery" of who was doing the selling? The drop was before the conference call. (yeah, I know you know that). If you were to claim that the directors were doing the after hours selling, fine, have your lawsuit against the company. If you don't, then why join the riff-raff? -Spank

To: KM who wrote (48351)	2/20/1998 2:12:00 PM
From: rll	Read Replies (2) \| Respond to of 58324

"I don't know about you, but I get offended at losing 30% of the stock price in one day completely out of the blue like that" I also was surprised by the missed earnings, but we did have a warning! This is an excerpt from the Jaz2 delay news release (12/18/97): "We would prefer not to ship a product before it's met all of our internal quality standards," said Susan Stillings, director of investor relations. "We had planned on revenue (from the two-gigabite drive) in the fourth quarter and we're disappointed that we didn't ship it." The whole release can be read at: Message 2999209 IMO, it's the analysts fault for completely overlooking this statement. Last time I ever regard an analysts "belief" over my own.