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

To: Cogito who wrote (6576)	1/22/1999 4:17:00 PM
From: s. bateh	Respond to of 10072

good points allen....sen, things will turn around sooner than later...but each of us has to make our own mind up.....i will be still here to see how the story comes out.......good luck all, see you next year.

To: Cogito who wrote (6576)	1/22/1999 4:42:00 PM
From: Senthil Sankarappan	Read Replies (4) \| Respond to of 10072

Allen, Thanks. You also have a good record with IOM. I wish i also traded IOM like you and Darrell did before the big tank but i am a very lazy long. I guess all long termers in IOM have gained nothing but frustration. I like your wife's explanation better than any others' so far. YES. IOM IS A CURSED COMPANY. It is cursed to be in this kind of Biz where there is so much uncertainity and cut throat competition and companies are willing to sell in loss just to be in the game. Even IOM's goal is only 5% net margin and so if they have 2 Bil in sales, we can expect max 100 Mil in profit which is like 35c/share. So, unless the sales improve dramatically, the profits are going to suck with this 5% net. So, much for all the High margin disks :-< -senthil

To: Cogito who wrote (6576)	1/22/1999 4:45:00 PM
From: Bucky Ransdell	Respond to of 10072

>> Imation may have gained momentum, but they are way behind in this race. As Glore pointed Iomega sold more units of Zip last quarter than Imation has of Superdisk in the nearly three years since they introduced it. More than 21 million Zip drives installed, less than 3 million Superdisks. << I wonder what's up with the Superdisk. Past comments by Kim Edwards and opinions I've seen on the net from people who claim to know indicate that Superdisk drives should be more expensive to produce than zips. How are they selling these to the OEMs? Apparently Iomega sells OEM zips at or near cost, so is Imation taking a loss? Or have they done a better job than Iomega of reducing production costs? I agree that we shouldn't get hung up on what Mr. Glore said about Q1. The fact that they seem confident of earnings around 5% of revenue for 1999 as a whole is more significant to me. They haven't given this kind of guidance in the past and I don't think they'd do it now if they weren't pretty sure it's going to happen.