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: Les White who wrote (56332)	6/18/1998 8:49:00 AM
From: Jock Hutchinson	Read Replies (2) \| Respond to of 58324

Les: You keep forgetting one very important issue--class action law suits against IOM that are not insurable and may involve large punitive damage awards. Perhaps you can tell me why any responsible corporation would want buy into the possibility of enormous damages draining its bottom line at a time when everyone is unsure of the effect Sony's HiFi will have on the market. Such a purchase would generate a plethora of additional lawsuits filed by the shareholders of the company that purchased IOM with its uncertain legal future. Perhaps you can educate me as to how and why IOM will avoid the courtroom. In the absence of such a credible scenario, your takeover fantasies are just that--delusions. To his horror, Phillip may end up seeing his creed against Rocky's post used as an exhibit for plaintiffs at trial. At the very least, Phillip has destroyed his credibility as a potential witness defending IOM conduct. So much for winning the MF contest. Indeed, there have been a number of posts on this board accusing Rocky Reid of market manipulation, including a threat to sue Rocky by Phillip Davis. That sort of nonsense can really come back to haunt you, since no one on this board can deny that KE's actions were far more egregious than anything Rocky Reid has posted.