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

To: craigl who wrote (2693)	10/26/1998 8:12:00 PM
From: Philip J. Davis	Read Replies (2) \| Respond to of 10072

SYQT Avoid Recommendation biz.yahoo.com >>Syquest technology is out of cash, overextended on credit and suffering severe losses that may preclude its ability to survive as a corporate entity. The continuous issuance of equity capital and warrants to fund operations over the past two years has ballooned its capitalization and may have impaired its ability to raise new monies. More important increased competition, price cutting and an over estimation of the growth of markets served by management appears to have severely limited a return to profitability near term if at all. The company has indicated that without immediate funding they cannot support operations. A layoff of 43% of its 2,200 employees and the closure of its Fremont, California manufacturing plant this past August has provided no remedy to date. Under certain circumstances, the shares should be sold as near term prospects appear exceedingly dim. With a current market capitalization of approximately $200 million, based on a recent stock price and 230,000 shares outstanding. Fully diluted we believe Syquest is grossly overvalued, based on the following investment considerations and rate the stock an avoid.<< Philip

To: craigl who wrote (2693)	10/27/1998 1:08:00 AM
From: Ken Pomaranski	Read Replies (4) \| Respond to of 10072

<< Anybody have any thoughts on the recent runup? As someone whose IOM portfolio is bathed in red it's nice to see, but I'm wondering - >> e. Random Fluctuations f. Suckers rally precipitated by the announcement of the new CEO You 'long term investors' (ha ha) are missing the big picture here. These fluctuations are killer to a portfolio, as they are mere pertibations toward the final resting place for the stock. Amateurs get suckered in big time, and lose their behinds. I just smile when I note that no one seems to want this stock at 2 15/16, but they'll suck it up four days later for 5 7/8. Fact is, this move doesn't have ONE THING to do with the prospects of the company. You must trade it as such. Syquest had many of these 'pops' also on it's way to it's resting place. All this is is one fool trading his shares to a greater fool. (note how no institutions will get near this stock...). It's a little rally kicked off by a CEO who (if you read his words carefully) is keeping Iomega in the same track it's been headed down. Good luck! I will likely join you if things REALLY turn around on the balance sheet. Until then, be careful... My two cents... See you next time! kp

To: craigl who wrote (2693)	10/27/1998 1:03:00 PM
From: Kevin Linder	Read Replies (1) \| Respond to of 10072

Thanks Craig1; Guess I will have to give up my "***** and Bullwinkle" fan club membership for confusing the Kinks and Lou Reed. I have not held (long or short) Iomega for quite awhile although I do remain a fan of the products. therefore take my opinion for what its worth. IOM is a company that people either love or hate (see Bullwinkle reference). the overall product is very usable product and is needed. 1.44 floppies are extremely dated and almost useless compared to todays data files. Who will succeed in this category is anybodies guess: ZIP; Superdisk; HiFD; CD-Rw; Orb; Swan; or Sparq. I think that the votes are truly not in yet. Zip looks like a clear leader with 18+ million installed units. Technology changes rapidly though. Continued sales of zip disks will mean some sales even if Zips were to be stopped being made today (they aren't). I think a continued rise and then another burst of enthusiasm will be the future course of trading for IOM. It happened in 96-97 and is likely to happen from 98-99. Beyond that I think technology may need something more than a storage medium of 100 Meg. 200-250 Meg may not be enough either. A lot of what happens in the future for the whole storage sector is going to depend upon the adoption of video technology/Internet Usage and the need for businesses to store more info on electronic media and Y2K data backup. Unfortunately people like Rocky will be around for a long time. IOM seems to bring them out of the woodwork. Best, Kevin Linder