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

To: Ken Pomaranski who wrote (7670)	2/23/1999 3:13:00 PM
From: BeachBum	Read Replies (1) \| Respond to of 10072

KP... I'm using my trading account to generate a monthly income, so short term chart watching is what I do. I don't day trade usually I trade short term or until I get the profit I want. Depending on the stock I only look for .50 to $1.00. I'm a lot more conservative in my IRA, I've said all along I don't invest more than I can afford to lose on this or any speculative stock . Early on, Iomega made a lot of money off the drives. Now, they make no money off the drives due to the OEM model. Obviously, this has had an effect on both the top and bottom lines. You say 'It's the disks, stupid' and I say, Yes, it is, and look at the results... (6 dollar stock) Not that either of us care but you lost all credibility with me with that .02 earnings prediction, talk about losing touch with reality ! Are you saying disk sales are slowing ? Your also speaking only of the OEM 100mb ZIP, I bet IOM has good margins on their other drives and disks too, but then again I could be wrong. Again why are you here, are you looking to go short are for a long position or just to stir up the ant bed. Please spare me the your doing us a favor routine And no I'm very cautious on earnings days. I find this war to be the next standard if there is going to be one interesting, thats why I have a little change invested to make it more interesting, but again I admit it is a speculative play . Since we're looking at different time that spans might explain our different views. I maintain a small long position and double up when I think it's going to move. My biggest holding is CPQ and has been for 11 years. Of course over the last 2 years I wish I'd been in Dell,IBM, HWP or GTW :-( BB ^-^-

To: Ken Pomaranski who wrote (7670)	2/23/1999 3:31:00 PM
From: Cameron Dorey	Read Replies (2) \| Respond to of 10072

That's right, Ken, we're in a classic "Catch-22" situation. Iomega isn't going to make any money until their drives are in all of the computers out there. And Iomega won't make any money if manufacturers OEM the drives because they will have to give them away. We might as well go home and use our stock certificates as kindling. That's why Seagate is only a 9-billion dollar company, and, incidentally, why IBM is only a 170-billion dollar company. If either of these companies were to drop their doomed disk drive business, their stock would shoot up overnight, because investors would immediately recognize their vastly improved potential. "IOMEGA will never make another penny!" At least you have dropped that line from your set speech. It's easy to predict the future, but a lot harder to be right about it. Come on back when you're right about something (I mean real news, not the random walk we call a stock market). Cameron "Look out for #1. Don't step in #2 either."