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: RedCrystal who wrote (57055)	7/7/1998 5:27:00 PM
From: Rocky Reid	Read Replies (1) \| Respond to of 58324

Yes, it appears Syquest is screwed. With losses piling up, and a stock sure to be de-listed soon, it won't be soon before they go belly-up. Iomega is also in deep trouble as CD-R takes hold of the market. More CD burners are being sold this next year alone than total Iomega drives sold in history. The non-proprietary CD-R media is dirt cheap- 0.49› at J&R Computer. Yes indeed, the competition from the entire storage industry is weighing heavily on Iomega's shoulders. IOmega will soon follow Syquest down into the low single digits as margins fall lower and lower.

To: RedCrystal who wrote (57055)	7/7/1998 5:31:00 PM
From: Rocky Reid	Read Replies (3) \| Respond to of 58324

OT:Suspension >>Their suspension must have been lifted..<< My Suspension was lifted at 4:05pm today. I got back from vacation last night and discovered I couldn't post to SI. I emailed the web powers that be, and they indicated that they suspended me to "cool down" this thread. No specifics or posts were indicated that might be cause for suspension. I have learned a couple of things. 1. mob rule works. (the bears were silenced) 2. the sqeaky wheel gets the grease. (reporting over and over to SI authorities will succeed) 3. certain people here will do anything to protect their investment, This means silencing bears by use of the authorities. Rest assured, I have learned my lesson. Personal attacks against me will be immediately reported to SI- something I've never done before. Oh, and one more thing- IOM is overvalued at $5 15/16.

To: RedCrystal who wrote (57055)	7/7/1998 5:47:00 PM
From: Mel Boreham	Read Replies (1) \| Respond to of 58324

Red Crystal, just found an interesting news item over on the WSJ website. It involves Venture Manufacturing Ltd (P.VMF) an electronics contract manufacturer located in Singapore. This company seems to be doing quite well despite its Asian exposure. Go to wsj. com and to IOM news for the whole article. Below is an excerpt from it regarding Ventures relationship with Iomega and how it feels about its products: <snip> At 0715 GMT, Venture shares were trading at S$3.620 from Friday's close of S$3.640. "(Iomega's) doing well in terms of sales," he said. "The difficulties are due to the expenditure side." Iomega had spent too much on marketing and advertising, he said, but a planned cost-reduction program, which includes staff cuts, would help the company improve its bottomline. Wong said Venture has no plans to reduce its exposure to Iomega, which he said currently accounts for 10%-15% of the contract manufacturer's revenue. He said Iomega's mass data storage products are in high demand and are increasingly being used by personal computer makers, such as U.S.-based Compaq Computer Corp. (CPQ). Compaq recently announced Iomega's Zip drives will be a standard feature on most of its new computers. "The products are great," he said. "More (computer makers) will use more of Iomega's products in their mainstream products." <snip> Very interesting news about the USB Zip for the new Mac. Funny, I had just mentioned that the USB interface would probably be announced later this year in one of my recent posts, and what do you know... Mel