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


To: s. bateh who wrote (56470)6/18/1998 9:10:00 PM
From: stock bull  Read Replies (1) | Respond to of 58324
 
s, if IOM doesn't have their cost structure in place, selling to CPQ, Dell, et. al., will only increase their losses. How much money is IOM putting into each box that they ship to the OEM's? I doubt that the sales of after market disks is sufficient to keep the company financially sound.

I think the company has it's work cut-out in trying to restructure it's bank loans.

Any money currently invested in IOM is going to be "dead money" for some time to come.

Stock Bull



To: s. bateh who wrote (56470)6/18/1998 9:14:00 PM
From: robert read  Read Replies (1) | Respond to of 58324
 
let me congratulate you for the good job that you have done. It can be rough tomorrow but after I read all the news coming out and thinking clearly about it, I think that all this was expected when the price took a dive from 9 to 5 six weeks ago. What gave Iomega life was the CPQ announcement.

There is a lot of risk in investing and I'm certain that we are aware that anything can happen.

There are a lot of companies with negative earnings and trading higher than $6 a share. I think Iomega is down but not out. Everybody knows or uses its products.

When you check the numbers please report on Jaz1 sells.

Regards.



To: s. bateh who wrote (56470)6/18/1998 9:25:00 PM
From: Rocky Reid  Read Replies (1) | Respond to of 58324
 
>> Do i stick by my triple in 18 months? yep! only because they say that all this bad news should be cleared up<<

This is pretty much exactly what you said back in January when you said IOM would double or triple by Summer because IOM would suprise everyone with profits.

Well, they suprised everyone after all.

Even me, who had previously predicted that IOM would lose (-.10›) a share this quarter. Now as it turns out, they have revised downwards to (-.10›) to (-.13›). Folks, it's going to be much worse than this. If IOM loses (-.15›) this Q, it will have no PE ratio. IOM will now certainly be guaranteed to have no PE ratio now by mid October (this because IOM will show a loss for the last 4 Q's).

What's now being analyzed is that revenues are also very disappointing. They are anticipating $408 Million. Last year? $400 Million. This is called non-growth in revenues. This is serious business if one is thinking they are buying into a "growing company".

And now, there are calls by Rosencranz for Iomega to drop the unprofitably "disastorous" Jaz line. Why?

SparQ, CD-R, CD-RW, and now DVD-RAM drives are killing Jaz, exactly like I said they would. And this doesn't even throw Castlewood ORB into the mix.

Maybe, instead of trying to make up excuses for staying invested in IOM, one should look around and see obvious picks like YHOO that are going up and up and up...



To: s. bateh who wrote (56470)6/18/1998 10:13:00 PM
From: Jock Hutchinson  Read Replies (2) | Respond to of 58324
 
Do
i stick by my triple in 18 months? yep!

Bateh you lowlife, after having endured your ceaseless taunts about my name for four months, it's time to learn a little about being a man. First, my first post to this thread was in response to your ludicrous post that you would have to tough it out for anywhere from six to eighteen months for IOM to triple. Since it was ten at the time, you expected IOM to triple to 30 by this August at the earliest or next August by the latest. You were hallucinating.

Before I give you a little badly needed lesson on adult stock picking, a short story about my name, which you and others on this thread showed great delight in mocking despite the fact that I never responded with similar criticism. Repeat--not once did I stoop to the childish level of mocking anyone's name as so many of the crestfallen bulls did. I came from a very difficult childhood. The only thing that saved me was that there was a country club near my home, and at a very young age I began caddying at that country club. How young? I was ten years old, and it was very difficult. There was an old man there who befriended me, since I was the youngest and smallest caddy there. He initially taught me the game of golf on the golf range and even presented me with some hickory shafted clubs, which I still have. His name was Jock Hutchinson. At the time I first met him, he was 77 years old. He had won the 1920 PGA Championship and the 1921 British Open in his home town of Saint Andrews Scotland. He was a truly great man. Over time, that became my nickname--one that I held proudly. Ultimately I went to Northwestern on a full scholarship funded by an organization that sponsored caddy scholarships. The people who attended NU with me on that scholarship are enormously successful people who overcame some very modest circumstances--a CEO of an instantly recognizable financial institution, a world famous heart surgeon, etc. They all have similar stories to tell of some older mentor who helped them out. They also know that the richness of American culture is far more enduring and richer than just making a quick buck in the retail business while working long hours. So I took your insult of my "name" even more personally than if you had slandered my own name. Now the joke is on you punk. You will need to see your stock triple before you even get a dime back, and I have no doubt that you are heavily into this stock.

Now for a little lesson to you my child from someone who knows better than you will ever know. You don't fall in love with storage or semis stocks. You trade the cycle. IOM is now near its low, so it could be an excellent buy. A semi stock like LSI will have a tremendous run before it reaches its peak. Where is the party about to end? Try Dell. In the meantime, I suggest you learn a little about business models and modifying your delusional beliefs. Ultimately IOM will triple, but from what level I don't know. Your silly posts on sales turned out to be utterly misleading now didn't it?