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

To: Jock Hutchinson who wrote (56333)	6/18/1998 9:19:00 AM
From: Jock Hutchinson	Respond to of 58324

Oops! The last two paragraphs were out of order. Should have read 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. 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. 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.

To: Jock Hutchinson who wrote (56333)	6/18/1998 9:20:00 AM
From: Les White	Read Replies (2) \| Respond to of 58324

>>everyone is unsure of the effect Sony's HiFi will have on the market<< Everyone except the largest box maker and all the European box makers. Did I leave out anyone of consequence? How many more major players will it take for you to surmise the future. Just because Sony wants in late in the game by no means makes them a sure bet. They have tried to be a major box player too and you see where they are with that. Vaio? Can't even pronounce the damn name. What marketing wizzard came up with that? I have no crystal ball about the law suits but are there very many big dogs without fleas? If you're a big enough dog a few fleas don't get noticed too much. And how much attention do you think your suit against an acquirer would get? Just another flea. >>takeover fantasies<< Speculation to be sure. Market manipulation? Maybe, maybe not. In the end the market will recognize the future profits of the winner if some forward looking industry player does not. I can wait a few more Q's Les