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: Jazz102 who wrote (51098)	3/25/1998 12:59:00 PM
From: stock bull	Respond to of 58324

Jazz, as I stated in a previous posting, it appeared to me that KE was not the guy to take the company forward from its present business levels; eg, revenue, sales/marketing, growth, etc. I suspect that the board of directors and KE had a meeting of the minds and KE was asked to leave. JMO I don't think this event is going to make any difference with respect to the company becoming a take over target. However, the board must now find a President/CEO who can move the company forward. (This situation is similar to the Apple Computer story.) As of this posting, the stock doesn't seem to be doing much...just moving its usual 1/8 of a point. To answer your question, yes, I do think KE's leaving is good for IOM in the long run. Short run, the market will not do much unless the company continues to show poor or deteriorating results. Stock Bull