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

To: Rocky Reid who wrote (53086)	4/19/1998 7:19:00 PM
From: Gary Wisdom	Respond to of 58324

Rocky, not many arguments with your last post, but . . . 1. Yes, the Jazz2 is insanely priced. No question about it. About as stupid as charging $199 for the Zip Plus. IMHO, the PP Zip will be discontinued very, very shortly and the Zip Plus will start retailing for $129. A pretty good value. 2. The article you so graciously provided a link for re: the LS120 compares external to external drives. Obviously Iomega now realizes that the internal drive is the way to go, thus creating a permanent price point of $99 for it. 3. You neglected to mention that the Zip, as opposed to the LS-120, provides both superior documentation and superior backup tools per the article. To the consumer, both are very, very important. 4. Everyone knows you are short Iomega a little above the current price. This has to be one of the stupidest investment decisions I have ever seen (next to buying Iomega at $32 (Ouch)). What do you think you're going to gain from this short? $1? BFD. In the meantime, you're losing sleep every night that either someone will buy the company and hose you bad or that Iomega will turnaround by cutting ad costs and produce a profit in the 3rd quarter that will also bring it back to the $9 - $10 range. Take my advice - cover your short now and put the money to more productive uses. You'll do much better. If Iomega moves more than $1 in either direction in the next 3 months, I'd certainly be very surprised. Good luck.

To: Rocky Reid who wrote (53086)	4/19/1998 7:23:00 PM
From: Gary Wisdom	Respond to of 58324

Rocky, one more point . . . You neglect to put the "specialist" factor in play. Let's assume she was as smart as you (I know, taking a huge leap there), and started shorting the stock at $32. She might very well soon decide to cover and push the price up to $11 or so by spreading a rumor of a takeover (Dell, per the Yahoo thread - she could have started that one). Don't tell me that you think this is beyond the power of the specialist. She did this in February, pushing the stock up to $10.50 before shorting again. IMHO, she'll do it again at some point. Hope you're not short then.