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

To: FuzzFace who wrote (54971)	5/19/1998 9:06:00 AM
From: BBG	Read Replies (1) \| Respond to of 58324

THREAD: Just got this from WSJ / Smart Money Dow Jones Newswires -- May 19, 1998 SmartMoney: Street Smart - Face-Off This story appears in the June issue of SmartMoney magazine. By Eric R. Tinson Iomega (NYSE: IOM) Mounting competition with the company's Zip drive, a 32 percent drop in its stock price year-to-date and the resignation of the CEO. Can Iomega ever rebound? YES "There's going to be a lot of effort placed on fixing problems." -- Daniel R. Kunstler, J.P. Morgan Securities NO "I don't see any way it is going to replicate its past success." -- Rick Berry, Argent Securities YES -- The stock is trading at a very low valuation. Any past distribution or customer-service concerns are already in the stock price. YES -- Interim CEO James Sierk is no six-month, lame-duck chief executive. He is a specialist in quality control, service and reliability, areas the company needs to improve. These are not the strengths of recently departed CEO Kim Edwards. YES -- The Zip drive could still eventually become the industry standard. It's not yet the Windows of PC data storage, but the growing natural reflex of computer manufacturers is to include a Zip as standard equipment in desktop models. NO -- A feared worldwide slowdown in PC sales also affects sales of peripherals for those machines. This won't help the company gain the earnings ground it needs to boost the stock price. NO -- Former CEO Edwards was the architect of the company's 1996 boom. He took a sleepy multimillion-dollar company and made it a multibillion-dollar one. Now he's gone. NO -- The period of dominance for the Zip drive is over. Price and performance competition, most notably from SyQuest Technology's SparQ drive, will prevent Iomega from regaining total market control. JD

To: FuzzFace who wrote (54971)	5/19/1998 9:31:00 AM
From: jwk	Read Replies (2) \| Respond to of 58324

Edwik! -- Excellent point. >>>> .... notice how when Sony plans to spend $20M on HiFud ads, the reporter gushes over it, but when IOM announced the $100M ad campaign, all we heard from the press was skepticism? What shills some journalists are. ......<<<< I was going to post a comment about that last night, but a band of coyotes took up with a pretty good howling session on a nearby ridge, and I felt my time was better spent signing-off and going out and helping them "comment on the moon". I find there's something very satisfying about spending some acapella time with coyotes. Has your smoke cleared out?