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: Hunter Vann who wrote (53102)	4/20/1998 9:52:00 AM
From: Hunter Vann	Read Replies (2) \| Respond to of 58324

SI Agreement Terms The following actions, among others, may result in removal of messages and/or termination of your membership. ... ... * Using the service for the transmission of junk mail, spam, chain letters, or unsolicited mass distribution of e-mail. * Posting improper or off-topic messages or posting more than twenty messages in six hours. Rocky certainly has violated the terms of his SI agreement. Should we write to the Webmistress?? :o)

To: Hunter Vann who wrote (53102)	4/20/1998 10:04:00 AM
From: Jock Hutchinson	Respond to of 58324

I really think shorting Iomega around the mid 7's is a pretty stupid move. Is it really? After every forward looking negative announcement, IOM has had a bounce, but each bounce has seen lower highs than the previous bounce. How reliable can management projections be when they completely failed to address the issue of competition from Sony at the conference call? What I found most telling about management prognostications during the conference call was the fact that they were very willing to project a profit three quarters into the future, but refused to give any forward looking revenue projections for this coming quarter. Face it, that's just plain corrupt. Does any serious investor want to invest in such a company. I tell you what Van. Instead of responding with a sarcastic remark, why don't you post a message on why one would want to invest that is cash flow negative, refuses to give any revenue projections for the next quarter but confidently projects a profit three quarters from now when competition from the world's leader is coming on line. It would seem to me if you can't project next quarter's revenues, you have no ability to project any kind of revenue and hence profit or loss during the third quarter.