Any info about Iomega (IOM)? Message Board

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Non-Tech : Any info about Iomega (IOM)?

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To: Franco Forghieri who started this subject	11/7/1995 3:50:00 PM
From: Amir Shalit	of 58324

Please, don't compare it to Cyrix ! At this point I'm not sure any more about IOMG. I shorted it at 26 and bought it back at 21. Now it's going up again. A lot of you guys are very excited from the ZIP product. It could be a very attractive product at 1 GB with a retail price of $300. My main problem is the margins on storage products. Seagate is trading at a PE of 10 ! The other problem is what's going to happen if Seagate/Conner come up with a "ZIP" product. I don't think IOMG could compete. As appose to Iomega, Cyrix is a great company, playing in a great market with the best margins. Not only Cyrix has few great products, it has a terific track record of doubling revenue & earnings almost every year. I agree that the market is bidding it down for no apperent reason. It's currently trading for $35 a share. I'll be suprised if it doesn't hit $150 a share sometimes next year !!!

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