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

To: David Colvin who wrote (8778)	4/5/1999 1:20:00 PM
From: Ken Pomaranski	Read Replies (2) \| Respond to of 10072

<< 4. Clik is gone by Q3 1999. (adds revs, but drags GM)>> I meant DITTO. Sorry! kp

To: David Colvin who wrote (8778)	4/6/1999 11:46:00 AM
From: David Colvin	Respond to of 10072

From the AOL Motley Fool board, an entertaining perspective on Iomega: Subject: (A)musings on Iomega From: Jbtfsplk I have observed Iomega and this board from the swamp here in Dogpatch for several years now. It has been a real education in many ways. Lately, I detect a rather snide and exasperated outlook on the part of some long-time supporters. It seems that the management skills in Roy have deteriorated badly, or, in many cases were never present, and are finally provoking some real hostility where mainly "positive thinking" formerly prevailed. I must say, I generally share this attitude. I was always skeptical about Edwards, especially when it became apparent that he held his customers in great contempt, caring little about product quality and even less about customer support. The botched rebate program and the reluctant provision of at least grudging customer support only after losing a class action suit did not seem like favorable omens to me. The sudden departure of Tim Hill in early 1996 should have raised more doubts in me than it did. In retrospect, I conjecture that he couldn't stand Edwards any more and may have foreseen that the clumsy hand of Dunn was the real culprit in the final analysis (just guessing). Other omens included the ill-considered $100 million ad campaign and the sale of a large amount of stock by Edwards. The ad campaign was reckless and very poorly executed. How much did Super Bowl commercials, billboards and painted buses contribute to increased sales? This was followed soon by the Edwards stock sale and firing. Then we got a boost for a while as Sierk apparently did a commendable job as interim CEO. He concentrated on the real business at hand and seemed to put the company back on the road. Then comes Glore, highly touted for a myriad of outstanding qualities. I personally do not detect any favorable results of his hand on the wheel as yet. I look at his credentials and note that he got through West Point and did a short tour in Germany and also in Vietnam,late in the war there. I couldn't find his basic branch so the area of his military experience is not known to me. I also note that he left the Army, probably by resignation, after only ten years. He most certainly made Captain and had an outside chance of making Major. I hope the taxpayers got more benefit from his military education than he did but just the opposite appears true to me. Now the Ditto line has been sold for what seems like a fairly paltry sum. The vaunted Clik! line is barely visible in some few outlets. The LS-120 seems to be growing its' market share, although any growth may not yet mean profits for Imation. As a matter of fact the latest Dell catalog shows several machines with Zip as standard and no mention of any competition. Who knows what the actual picture will look like when earnings are released? Last but not least, I note that the annual meeting will be held on 20 April this year; I guess that won't conflict with anyone's holidays, as was the case last year, but it is Adolf Hitler's birthday. I'm surprised that coincidence has not yet been met with wailing here. Oy, vay! Like some others, I bought shares and later sold just about enough to cover my initial investment; this sort of lets me keep some shares in the misguided belief that my cost basis was zero and gives me still some incentive to peruse this board other than just for the "human interest" motive. On the human interest side, it has been a rather sad revelation here to see how many posters there are for whom English is a second(or third) language. Indeed, I'll wager that most of them aren't even fluent in their primary language; and spelling is very much a lost art. Oy, vay, all over again. Finally, it has been very interesting to read various and sundry items in the financial press over the past four years. While some have been fairly accurate, the majority have served mainly to demonstrate the abysmal laziness and ignorance of the authors. Fair praise and fair criticism are both in order but there seems to me to have been an inordinate amount of false "facts" used to draw rather stupid conclusions. In some cases it appears that the authors have or had a vendetta against the company and probably against The Motley Fool as an early supporter of Iomega. The official TMF line trashes the old-line establishment and is sort of akin to the waving of a red flag before el Toro. For you'uns old enuf to 'member, the dark rain cloud still hangs over me here in ol' Dogpatch and the IOM story ain't over yet. What the world needs now is more schmoos! Joe