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: mick who wrote (58221)	1/22/1999 6:03:00 PM
From: zalesky	Read Replies (1) \| Respond to of 58324

To all: I don't give a rats behind what the idiots on Wall Street did today. Iomega came through and accomplished what they planned. They beat the estimates for Christ sake!!! Sure they announced a break even first quarter and sure they had two division leaders quit. First of all many high tech companies have warned the first quarter will be a lot weaker than the fourth. Guess what?? The first quarter is always weaker than the fourth...in fact its the weakest high tech earnings quarter of the year!!! Secondly the new CEO is restructuring the company and pissed off two of the generals who just plain didn't agree with his plan. In every company you always have a group of inflated egos-this also goes for IOMEGA. Did anyone even consider that IOM could be reinvesting in the company profits they could make during the first quarter?? Sounds like a solid long term strategy to me. I noticed the articles and stories (on CNBC) tend to highlight this companies shortcomings and tend to forget or plain misrepresent their accomplishments. I'm sticking with IOMEGA. I owned during the great run-up of 1996 and now firmly believe it IS a REAL company thats HERE TO STAY!!! Good Luck and God Bless IOMEGA and its loyal shareholders!!!!