IOM has been suffered a lot due to downturn in the disk
drive market overall. IOM products are almost standard
now a days in every domestic as well as foreign personal
computer markets. The competition from SYQT has also
forced IOM to sell their quality products cheaper. Seems
like IOM is going to win the battle in short term against
SYQT due to superior products and reputation in the
disk drive market.
IOM buyout rumors has been active lately and it looks
even more attractive at this price for a takeover target.
Also a well reputed firm on CNBC has recently
announced that IOM is a great company to invest in and
stated that the 12 month price target on IOM is about
$12.
Anyway I am at this point only investing in IOM for a
short term gain from 2-4 months and not trading it on
daily basis. Fundamentals of this company are excellent
and the future looks very bright. Great thing about IOM
is that the selling is almost over and technically its
moving side ways at this point and can take-off any time
from here in next 2-3 months. |
