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

To: Herb Fuller who wrote (8312)	3/16/1999 10:22:00 AM
From: Rocky Reid	Read Replies (4) \| Respond to of 10072

>>Herb , please point out to me a company that controls 86% of it's market and is growing at a 30%+ rate per year and is selling anywhere near it's book value .<< Hmm..you may be right about the 86% market share. On the other hand, I am lucky in this argument that Iomega is NOT a company that is growing at 30% per year. Iomega is shrinking. Revenues are shrinking at an average of (-7%) year to year, and IOM lost (-0.20) last year. Iomega has yet to prove that it can ever score another profit, EVER, with another upcoming 1st Q LOSS of (-0.02) per share, and an almost certain Earnings Warning for 2nd Q 99. Look for Iomega Management to once again refuse to offer any specific guidance beyond the next quarter (just like last time). Herb , please point out to me a company that controls 86% of it's market and is shrinking at a (-0.07) rate per year and ISN'T selling near it's book value.