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

To: KM who wrote (6474)	1/22/1999 8:34:00 AM
From: Alan Rosen	Read Replies (2) \| Respond to of 10072

Trufflette, Tigers don't change their stripes. Herb G. and Joe K. are too predictable, but after all they are in the "entertainmet business" first and journalism second. They make money for their organizations by attracting readers/viewers, and the easiest way to do that is thru controversy, much easier than research and good journalism. Time will prove them both wrong. IOM, since the run-up to $55 is dammed if they do and dammed if the don't. One quarter isn't enough to change that. I am more confident today, than I have been in 12 months, that this company is finally on firm footing and will be a solid investment. They are making and executing the "right moves" archcc

To: KM who wrote (6474)	1/22/1999 9:31:00 AM
From: D.J.Smyth	Respond to of 10072

In Jan 1998 IOM had 12 million zips in the market: now nearly 22 million. They were weighed down with lawsuits; now none. Competition appeared to be eating Zips lunch. Now IOM owns 85% of removeable floppy market - increased its market share by nearly 15%. IOM was trading at $9 in January 1998. It's still trading at $9. IOM will have nearly 25 million zips in place by the end of this quarter. 25 million times $6 (3/4 zip disk bought per drive) is $150 million in sales. at least 4 million new drives sold times $60 per drive equals $240 million. You add another $85 million for jaz products. Another $11 million for clik! (assuming 150,000 units) and $12 million for peripherals, and you arrive at $498 million. Point is, though simple, IOM could hit nearly $500 million in sales this first quarter, a 20% increase over first quarter 1998. The conference call was stating that R&D could increase by $18 million to, basically, rollout their new product. This is a significant outlay for a new product. The product must be very important to them/ and they would expect a significantly higher return in sales from this new product on their $18 million going forward. By the end of the year 35 million zips could be in place - times $ - you get the picture. Which makes the falling statement by Cohodes ludicrous: <<That's enough to get longtime Iomega short-seller Marc Cohodes of Rocker Partners off their backs. "The trouble with Iomega is Iomega," he says. "The enemy is themselves. Their early success led to a mid-season and late-season failure. The new guy, Jodie Glore, is washing the dishes and cooking the meals, but don't worry, sales are still down year-over-year." >>