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Thursday, December 04, 1997 Wednesday, Iomega closed at $31 1/2, down $1 1/8 (-3.45%). TODAY'S RECAP: An array of topics occupied posters on the Iomega board yesterday -- not the least of which were some personal debates. Important issues included: Nomai stock prices, clik!, BIOS and bootable Zip, Zip disks sold, Asian currencies and more -- something for everyone! Enjoy! INDEX: Use the Search or Find feature of your word processor to locate the article number (Find: 1++, 3++, etc.) - or use AOL's Edit>>Find in Top Window Feature. If Find in Top Window is dimmed, just click on some text, anything, in the IOM Today window and try again.
1++ Clay Hagan questions recent Nomai stock movements.
Recap written by TMF Weekly; posts
compiled by TMF Weekly. As always, the following posts represent the thoughts of our contributors, not those of The Motley Fool.
And now, the Best of the Board...Started 9:01pm ET 12/2/97. 1+++++++++++++++++++++++++++
Subject: Nomai up two days in row???? Less than a week ago I posted that Nomai was down 47% or so since its early September highs caused by its announcement of the XHD. Well Nomai has been up almost 20% over the last two days. The volume is very very low. How can a stock go up 9.34% on only 610 shares? Yesterday Nomai also went up around 10% on a few thousand shares or less. It should be noted that Nomai almost never trades more then 2000 shares. Anyway, I am curious if they know anything in Paris about the way the case is going. If I am not mistaken this trial is not about patents. The patent based case will begin when each patent is granted in Europe. All comments welcome. 2+++++++++++++++++++++++++++
Subject: Re: IBD 12/2 article on clik << we don't see Clik as competition,'' said Nelson Chan, of SanDisk Corp. >> What an odd comment. Even the biggest cheerleaders on this board see flash memory as THE competition in this particular market. How could a flash leader possibly not see clik! as competition? It's either arrogance or denial borne of anxiety. A very odd, very silly comment on Mr. Chan's part. If clik! flops, of course, he'll end up correct, but if clik! is successful it will inevitably be at some cost to flash memory's present stranglehold on storage for handheld devices (notice, zero-sum semanticists, the presence of qualifying verbiage: ``some cost'' and ``handhled devices''... ;) ...) and Mr. Chan will be spectacularly wrong. 3+++++++++++++++++++++++++++
Subject: Re: Quarter's Currency Effect Actually, more discussion is probably warranted than just "cha-ching". I'm hoping others will chime in with thoughts on this. If Iomega is saying that the ringgit drop may be normalized in 12 months, i.e. no effect on IOM at that time, then it seems for to say that, for the short term, this may amount to much lower cost of production for Iomega. The press release reads that even though the ringgit has dropped, they are going to have to pay more ringgits over time for materials and labor. But that's "over time", not right now. "Right now" it seems Iomega should make more money than they would have expected. I have a friend who lives in Singapore. Don't know the exact cost of living, pricing etc relationship of Singapore and the rest of Malaysia. However, the other day I asked him if it was a lot cheaper for him to buy things there now. He said, "Nah, they just raise the prices until it costs about the same." I was surprised to hear the answer. Didn't think prices would be raised that quickly. But again, that's Singapore, not the rest of Malaysia. Would love to hear an opinion from others on this, especially JJ Kozub. 4+++++++++++++++++++++++++++
Subject: More Institutional Buying More 13F filings for period ending 9/97 Munder Capital Mgmt bought 559,240 shs IOM S Squared Technology bought 338,900 shs IOM both are new positions 5+++++++++++++++++++++++++++
Subject: 100 Million Disks << Here's something else to think about: One hundred million of anything sounds mighty impressive... 100 million! Nice, round number. Catches the eye and sticks in the mind. Something that a company can proudly point to as a major accomplishment. Call me silly, but I've got a hunch we'll get a press release once Iomega passes that milestone. Just a hunch. >> I agree. The news/promotion/marketing value of selling the 100 Millionth Zip Disk will be simply too good to pass up. What better way to scream to the world, "We are the standard!" than to put forth 100 Million "endorsements" of the product? Last year the company said they would no longer make milestone announcements regarding Zip drives sales. I voceriferously disagreed, as did others, citing the McDonald's example of "x Billion sold". Iomega obviously reversed course, seeing the logic behind using those millions of drives sold as a marketing tool ("See how many others think this is a great idea?!?") In fact, when 100 Million does occur, it would be great to see some marketing/promotion come out of it...sort of a "$1M bucks to the person who buys the gold disk" type of thing. 6+++++++++++++++++++++++++++
Subject: FAIR VALUE $37.10 S&P Stock Report (Nov 29) FAIR VALUE $37.10 ACCUMULATE (****) Rating RELATIVE STRENGTH 97 (1 lowest - 99 highest) 7+++++++++++++++++++++++++++
Subject: BIOS I spoke by phone with an AMI BIOS representative today and also looked at their WEB site specificiations for AMIBIOS98. This new BIOS, as we have read previously, will have the FLEX boot options that support a variety of bootable devices, including ZIP, LS120, and MO drives. The rep said that this BIOS is shipping but its availability will depend on the computer manufacturer. He said that any version of AMI's core BIOS of 6.27 or above will have the FLEX boot options. He also said he thought AMI's competitors are shipping a similar product. I have contacted Supermicro regarding their motherboards and BIOS version but have received no response yet. With Phoenix I believe version 4.0 release 6 will include better ZIP support (according to their Web site). Because I am planning on buying a Pentium II machine soon and want a bootable ZIP as the a: drive, I have also called several computer makers and resellers, including Micron and Dell, regarding when this updated BIOS will be on their motherboards. Given that Micron has already announced shipping ZIP as the a: drive I thought they might have a date but would only say the first part of the year. In retrospect, it was a little surprising their announcement was made as early as it was because of the potential to detract from sales from customers such as myself. Given that Dell has not announced their intention to do so I did let them know of my interest. I would appreciate any information regarding the newer BIOS versions. _______________________________ End Report. Posts covered through 9:00pm ET 12/3/97. _______________________________
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