To: Ron Dior who wrote (7673 ) 2/23/1999 11:11:00 PM From: Ron Dior Read Replies (2) | Respond to of 10072
Got my reply... The best thing I can say about it is that it was very prompt! Here it is. MY MESSAGE: Can someone please explain to me why there have not been any positive press releases as of late, with the exception of a few "product preferred choice" clippings? I have faith in this companies products, but am not sure that PR is doing the best they can to promote the investment end of the company. Many other companies of your magnitude will sometimes have several releases per day on either future products or upcoming deals. I'm confused. It appears that when the stock price finally broke out (from great earnings news), you were handed a prime opportunity to get the stock back on track. Instead the moment was not seized, and even worse was hindered by negative comments, so the price continues to be undervalued. I am not trying to tell you your business, but I like many others, am concerned that the lack of news will turn off future investors. The fact that I am correct has been proven in the recent low volume of the stock. Please listen to the voice of your investors. I am sure that I am not the only one whom feels this way. Sincerely, Ron Dior IOM IR'S REPLY: Iomega announces material corporate events when we believe there is something substantive to announce. Until such time as we are ready to make a public announcement, we will not comment on market activities or rumors. This has been our corporate policy in the past, and we believe we can maintain the integrity of this policy only by adhering to it consistently. Regards, Tara Jensen Any thoughts on this answer that was given? Ron Dior