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: s. bateh who wrote (52810)	4/16/1998 10:58:00 PM
From: robert read	Respond to of 58324

the bottom line is that you buy a stock at the bottom to ride it to the top. this is the bottom for iomega stock price. it lost .07 this quarter and it will get better from here. stocks are valued based on future earnings not present. zip is fast replacing the floppy. company working on new products. institutions own 29% and keep buying. they'll take any shorty's money. that's the truth.

To: s. bateh who wrote (52810)	4/17/1998 12:45:00 AM
From: Jock Hutchinson	Read Replies (2) \| Respond to of 58324

.but i base my info. on facts from distributors... Well not exactly Mr. Bateh. When asked the very reasonable question as to the pricing of the units that Ingram was selling, you have never been able to give a single fact. You have only provided optimistic outlooks on quantity. But according to Samuelson; Revenue=Price x Quantity. And again the CFO told H&Q that he wouldn't rule out a price cut. In some sense you are right. North America was very strong, while there were problems in SEA as well as Europe. So in that sense, you haven't been able to give the big picture. Worse yet, I never saw a single post of yours refer to the horrible inventory problem. Management called it critical. Worse yet is negative cash flow. That fact means that this company is spending more money than they are taking in. If you do that over a long enough period of time you do go broke. I see writing about increased R&D. Who's kidding whom? Less than six percent is going to R&D. Compare that to stalwarts like Intel and MSFT. Six percent is puny. Finally, let me give you a little more perspective on your increase to 50% OEM, of which you misunderstand the meaning. Discounting the fact that the 50% OEM is a ratio of Zip drives sold to box manufacturers, rather than a percentage of new computers with Zip drives in them as you seem to think, let's take the most favorable interpretation. It does mean that there were one million OEM's sold last quarter as opposed to seven hundred thousand the previous quarter. By itself, that's a good number. But not anywhere near as good as it might seem. Why? Because this number represents a broadening of OEM sales into box makers that are not among the big five--Dell, Compaq, Gateway, Apple et al. What it represents is a broadening Zip drives sales to other box makers, which of course could be positive. But what it doesen't represent is increased penetration within the big five. And that failure to increase penetration among the big five suggests that Zip is not becoming the sin quo non for the replacement of the floppy. However, I do not see IOM becoming a one dollar stock. More like the price of a McDonalds's value meal--supersized.

To: s. bateh who wrote (52810)	4/17/1998 2:48:00 AM
From: BBG	Read Replies (1) \| Respond to of 58324

S. Bateh... I've always enjoyed your ingram posts even tough they are basically meaningless and you are either too dumb or too lazy to put the information in any kind of understandable or correlatable format... It's a shame to watch (read) you make a total fool out of yourself trying to defend IOMEGA's results over the last couple of qtr.s... If you really believe that this Qtr.s results and CC are GREAT news then you are not only blind but an idiot to boot... Shut up and stop making Rocky and Jocky look good... JD