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Non-Tech : Iomega Thread without Iomega -- Ignore unavailable to you. Want to Upgrade?

To: sheila rothstein who wrote (888)	8/5/1998 1:08:00 PM
From: Ken Pomaranski	Read Replies (2) \| Respond to of 10072

We all laugh at Syquest (me included, it really is the worst stock ever) But in reality the same thing CAN happen to Iomega. Iomega is bleeding as much as Syquest is now. The difference is that Syquest has been bleeding for longer. If Iomega is still losing money one year from now, the laughing here will turn into something else. BTW: You guys are really sensitive and REALLY emotional right now. It's really bad. The personal attacks (on my Dad, for God's sake, made me die laughing in my chair) started when I made a very sarcastic jab at a CNBC analyst. I was pointing out the absurdity here. The reaction on this thread tells me a lot. You guys need to lighten up. I'm down 13K in the last 2 weeks and I'm having a ball! To SR: Yes, I am an 'investor' in this stock, and I'm hanging around for signs of a turn. I'll bet you a million bucks I know more about this stock and company than you will ever know. I've studied this company since 1995. DAILY. My idea of investing is NOT buying a stock and waiting for it to go to zero. Just because I don't agree with your investment style, or am not afraid to think all sides of this company, doesn't warrant your incescent questions of motives, and requests for silence. I am NOT trashing the company, I'm telling it the way I see it. I GUARANTEE YOU that if Iomega turns, I'll make more money off it than anyone left on this board. If I see positives, I'll be the first to tell you. Right now, I just don't see how they can grow the top line or how CLIK! can be wildly successful. Simple. I'll tell you when my opinion changes... Good Luck!!!! kp

To: sheila rothstein who wrote (888)	8/5/1998 2:10:00 PM
From: Kevin Linder	Respond to of 10072

Sheila; Over on the SYQT board Rocky was loading up at $1.00. I think this just about says it all as far as his investing skills go. Kevin Linder

To: sheila rothstein who wrote (888)	8/10/1998 8:20:00 PM
From: puborectalis	Read Replies (2) \| Respond to of 10072

Sheila..why is this stock so cheap with SYQT in the proverbial toilet and the PC business with CPQ and DELL as well as CLIQ product to be offered this fall? I think that the 2for1 split was ill-advised late last year...funds don't like to buy stocks near $5 range.....Steve

To: sheila rothstein who wrote (888)	8/12/1998 12:45:00 PM
From: Bill Lin	Read Replies (1) \| Respond to of 10072

Hi Sheila, I don't remember if I responded to your post. SYQT's problem is a misread of the market conditions and a misapplication of cost structure. Basically, too many smart people making too much money draining much needed cash out of a hurt company. At no time did Syquest behave like a company on the brink. They bet the bank on the Sparq, but like investing, had crappy timing. They were not hedged on their market bet (the what if? we don't hit our sales target) simple sales figures should have pointed out to SYQT that their Sparq was over capacity to what the market needed. The 1 Gig at $33/disk points to the possibility of Castlewood's Orb market failure. If Sparq can't sell millions of units of 1 gig units, then don't expect Orb to sell millions of 2 gig units. This is why I don't believe that the jaz 1/jaz2 sales is a complete disaster. Its not optimal, but not horrible. For example, if they sold 1 million sparq disks, and garner $22 per disk, wholesale, and $12 per disk GM profit, then thats only $12 million in free cash flow to pay for overhead. Their cost structure never allowed this "razor blade" strategy to work. SYQT's cost structure is just an extreme example of IOM's cost structure problem. Yes, IOM mgmt got the message, but SYQT's failure should be the sledgehammer ... There but for Zip, go IOM BL