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

To: Ken Pomaranski who wrote (1355)	9/2/1998 9:16:00 AM
From: Tom Carroll	Read Replies (2) \| Respond to of 10072

<< Reasons for today's drop >> Ken, I certainly agree. As I've said all along, in the long run it all boils down to demonstrable earnings. I'm in for the really long run. Where you and I disagree, I suspect, is that you're still stuck in the mode of thought that gives Iomega only one chance with the Zip, namely, the chance to rather effortlessly replace the floppy overnight. I never thought that would happen, despite the enthusiasm for the idea on this and other threads. Rather, I thought it would require penetration of several levels of user, from top-end geeks like myself and others on this thread, to PC buyers who don't know squat, and that that will come in phases, with pauses. And it's inevitable that Iomega management won't bat a thousand as it executes over that time span. And it's also inevitable that, while this change is happening, competition will surface, meaning there's some risk that the Zip could be toppled. I said months and months ago that the HiFD was my biggest concern in that regard, but now that it's so delayed, and its project manager at Sony has bolted to Iomega, I'm less worried about that. True, some kind of read-write CD could work out, or some new thing could bump the Zip, but I'm gambling that it won't. Regarding the argument that the Zip is an unnecessary add-on, I think that's flawed reasoning. I don't see box makers abandoning the boot-disk feature anytime soon, regardless of the example of the iMac. (I certainly don't want a PC that lacks it, and I don't want one that would use a pre- burned CD as the default boot disk either, because I want to be able to configure my machine My Way.) It's already the case that you really can't create a proper emergency boot disk on a floppy, because it's too damn small, and that's going to get even worse over time. Do you really think there'll still be floppies as the emergency boot disk feature on PCs, say, five years from now? These migrations of technology take time. A lot of smug people gloated that Model T owners should "get a horse" every time the venerable Fords coughed, which is a direct analogy to the "click-of-death" brouhaha. Have you graphed the number of horses in the USA versus the number of automobiles over the twentieth century, or the profits of a Ford stockholder over that same period? Apparently where we most disagree, though, is that you show evidence of thinking that gloating is classy. Cheers, Tom (still long IOM and, indeed, waiting for substance) P.S. You didn't have any losses at all on Monday unless you sold low. Patience, grasshopper. >You got it exactly right. On a market turn, institutions are >going to stay away from penny stocks. With all the outstanding >shares, it's going to take a lot of retail buying to >move this puppy. >Iomega holders will have to wait for substance, not hype... >Good luck! kp >(PS: I got pounded on Friday and Monday. Lost 1/2 my years gains! >very humbling.)