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

To: KM who wrote (48532)	2/22/1998 10:17:00 AM
From: Ron Kline	Read Replies (2) \| Respond to of 58324

"but come on, this stock is a roach motel now. Sorry". That's funny but remember many stocks can go through what is going on with IOM, just like the AMAT and ASND did late last year. Remember IOM was hitting a 52 week high when many issues were in the doghouse. IOM goes through these ups and downs many times in the past. The smart investors were the ones who would buy when the news looked bad, and sell when everyone thinks it's going to the moon again. I've seen this board go from IOM is great to IOM is the worst company over and over again. Stay tuned it will probably change again.

To: KM who wrote (48532)	2/22/1998 10:50:00 AM
From: David Colvin	Read Replies (3) \| Respond to of 58324

Truff, "Michael: OT I don't understand why a guy like you with obviously good analytical skills and market sense is still following this stock. Why not turn your attention to issues which actually move now and then and make you money, such as CPQ, AMAT, ASND perhaps, CSCO, etc. Not necessarily a slam on the Iomegans - I count many of you on this board as good friends - but come on, this stock is a roach motel now. Sorry." It is now a roach motel now that you have sold everything? Truff, I retired because of Iomega and got REALLY emotional after this last earnings announcement. I lost more (on paper) in one hour than most people can accumulate in an entire lifetime!!!!! Were you around in June 1996 when the BS LS-120 announcement was made? I lost over $200,000 (on paper) that day. I've been through all the BS since June 1995. I guess I'm just an idiot for keeping all my current shares. I also own LOTS of Intel and didn't sell when it went from over 100 to the low 70's...I don't even pay attention to it. I don't want to sell and incur an unbelievable taxable capital gain (even at 20%) because of my extremely low cost basis. If I really thought Iomega was going to wind up like Syquest I would sell it all....NOW!!! I used Iomega's Bernoulli drives on a classified aircraft program in the late 80's and I can tell you that over 200 of us NEVER had a problem with them, storing very important classified Govt. data. I keep the stock because I like the products. See my previous message to Reseller. Why wouldn't millions of others also like the products? Ever hear of the Swan drive? I've "heard" about it for two years. Where is it? Now the big "worry" is the vapor Sony drive. Where is it? How many OEMS are installing ANY of the competitor's drives? Do you think Micron are dummies offering the zip as the "A" drive in their Millenia's? They are a very smart and aggressive company. Long ago I think they were the first to standardize on a CD-ROM in their machines. I believe that Iomega will only get stronger over time and get further entrenched on the OEM side, so much so that they will have a virtual lock on the OEM market. After 3-5 years from now I will re-evaluate my investment, but not before. I'm simply not interested in short term excitement. Dave

To: KM who wrote (48532)	2/22/1998 1:02:00 PM
From: Brendan2012	Respond to of 58324

>>I don't understand why a guy like you with obviously good analytical skills and market sense is still following this stock.<< Because there's still a good chance Iomega will be able to make Zip the new standard floppy. Clik! also looks like it has a good chance of being a hot product. Also, the P/E is pretty darn low for a growing company. Maybe you should get over being bitter toward this stock and look at the long term possibilities. Brendan

To: KM who wrote (48532)	2/22/1998 3:54:00 PM
From: Michael Coley	Read Replies (1) \| Respond to of 58324

Truff, >> Michael: OT I don't understand why a guy like you with obviously good analytical skills and market sense is still following this stock. Why not turn your attention to issues which actually move now and then and make you money, such as CPQ, AMAT, ASND perhaps, CSCO, etc. Not necessarily a slam on the Iomegans - I count many of you on this board as good friends - but come on, this stock is a roach motel now. Sorry. << I still consider it a tremendous investment. Nothing has changed fundamentally with the company. Their business plan is still good. Their management is still good. Their products are still good. They're the market leader in their industry. Their stock price is near their 52 week low, yet they're still growing earnings, revenues, and unit sales at a tremendous rate. Iomega is merely out of favor right now, IMHO. I have every confidence that as long as they continue to execute their business plan successfully, they will return to favor. You've lost a tremendous amount of money recently with IOM. I've lost a tremendous amount, too. (I'm sure mine was a much smaller dollar amount, but probably a larger percent.) Could it be that the loss has clouded your judgment? What has really changed about the company? The negative sentiment here on the thread and over on the Yahoo thread keep me optimistic that we're at or near the bottom. When we were over 10, I dumped my trading shares, expecting to see a retest of the bottom in the 8's. I lost my confidence that the retest would happen and bought most of my trading shares back in the 9's. I'm expecting a return to the low teens, followed by a little consolidation. I'll play my trading shares on that. I plan on holding my core shares of IOM for several years, unless something fundamentally changes in the company or the share prices gets WAY ahead of itself (like a P/E in the 50's). - Michael Coley - wwol.com