Any info about Iomega (IOM)? Message Board

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

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To: Kevin G. O'Neill who wrote (56507)	6/19/1998 7:53:00 AM
From: Rande Is	Read Replies (1) of 58324

To all: Looks like a great day to buy IOM. Great news for long termers. May see some big buying dips from weak hands selling. Fund managers will recognize this and should be standing by waiting for their pre-determined support level to be hit. Then the buying should start-in with all those near-sighted shorts running for cover. Long term holders recognize that the big money for IOM is in OEM. Can't wait til they come home from PCExpo with pockets full of OEM deals. We did not need told that current retail products were not selling well. One time charges are common. And 50mil is not that much. The big news is that IOM is restructuring to become a MAJOR player in the OEM market. ZIP has been given a new lease on life. I like the news that says current revenues are UP. Layoff of 6 or 7 hundred is excellent for streamlining company of 5,000+ employees. Price of stock tends to rise on layoff news. Like I said before, "ZIP will save this company, and CLIK will send it back to its highs." Rande Is

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