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


To: John P. Henrie who wrote (53960)4/30/1998 8:18:00 PM
From: stock bull  Read Replies (2) | Respond to of 58324
 
John, thanks for your response. I hope that I didn't offend anyone by using the term "herd mentality". I used it to imply that the vast majority of people who post on this thread are very much pro IOM...to the extent that IOM can do no wrong. There are very few bears on the thread. Rocky is probably the most famous bear. I am neither a bull nor bear. I sold my position in IOM and went on to other investments.

I would reinvest in IOM if I thought the stock would turn-around within a few quarters. However, IMO, I don't see this happening. The company is carrying around a lot of "baggage". Law suits, Nomai, major competition, management changes, lack of support from the Street, etc, etc.....

I should add that I own a Zip drive and think it's a fine product. I sorry to see what happened to the stock. I guess KE wasn't the CEO that IOM needed to move the company to the next level. Hope the next CEO can do the job.

Stock Bull