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

To: s. bateh who wrote (51354)	3/26/1998 5:47:00 PM
From: David S.	Read Replies (2) \| Respond to of 58324

s. bateh and all, This group is getting pathetic. I have kept my mouth shut the last two days, except to defend Sheila from foul Jockitch. Whether goes IOMEGA? Good companies don't die overnight, with or without a CEO resignation. KE was obviously a dynamic force and took a small cap company to mid-cap status, launched good products that worked, and gathered tremendous market share. His orientation was towards appealing to the user as a consumer, hence the recent emphasis on brand winning ads. But this approach didn't sit well with the analysts at the last CC, their bias, perhaps based on good sense, was to follow the standard Intel model, drive out competition by lowering prices and expanding volume. He goofed, not terribly, but at a bad time. With the stock taking a second tanking in as many years, IOM was put in jeopardy. But its all perception and hype, the product base has expanded, sales are still strong, there may be some question if Zip drive sales are slowing, we don't know, and in any case, its a hell of a company. So we move on to a new type of manager. The damn thing could really take off, or it could run slow again for some time. In any case there is just not much downside. Clik will prove stronger than anyone can imagine. It is a perfect product size and capacity to really replace floppy drives and disks, something smaller, more capacity and eventually cheaper, and a way to connect all sorts of devices. An absolutely brilliant product!! Hard to design perhaps, but eventually less costly to manufacture than even today's floppy drives which sell for about $25. We are going to need some patience now, no point in chomping every day about the latest crap. Just sit tight, hang on and wait. The patient will be rewarded. And if you are so clever as to how you can double or triple your funds in the next two years, take your money there. Rock the Lump, its time for you to go. Nothing interesting here for you any more. You have a problem to cover with AOL and probably Yahoo as well. Go deal with that. Your funds in IOM aren't going anywhere up or down any time soon. So go play with your toys, or get a real day job. Nice knowing you, bye. Regards, David S. Long on Intel, Iomega and WorldCom