What the 'heck' is this at the end of the press release?
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Note to Editors: Iomega and Bernoulli are registered trademarks of, and Zip, Ditto, Jaz and the Iomega logo are trademarks of, Iomega Corporation. All other brand and product names are property of their respective companies. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. There are a number of important factors that could cause actual events or the company's actual results to differ materially from those indicated by such forward-looking statements including market acceptance of, and demand for, the company's drive and removable disk products, manufacturing issues including the supply of components, product pricing, competition, intellectual property rights and litigation, general economic conditions, and other risks identified in Iomega's Securities and Exchange Commission filings.
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First time I EVER saw that kind of statement at the end of a press release. This, coupled with the movement at the end of the day tells me that something is going on... Don't know what, but I'm glad I'm watching from the sidelines.
Absolutely classic bear pattern (for 3 months now).. strong start at the beginning of day.. flat, then off the cliff in the last hour of trade. I hope you longs have some patience...
kp |