Any info about Iomega (IOM)? Message Board

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

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To: michael m who wrote (2839)	6/12/1996 6:15:00 PM
From: Kunal Taravade	of 58324

Michael and all: Unfortunately, it appears as though all possible good news has been factored into the price of this stock for now. It seems unlikely that any further OEM announcements will make any difference. So in terms of OEM announcements as well as price/speed/competition comparisons, the stock has peaked. The only thing that will truly make the stock move dramatically is if the company shatters earnings expectations and posts very solid earnings with significant growth potential announcements, and gets strong buy recommendations from major brokerage firms, like H&Q/ Morgan Stanley/Oppenheimer. Until that happens, and it won't happen for another month or so if at all, I expect the stock to hover around 40-43. Today was a good example, when most technology stocks were doing good on the NASDAQ, and an OEM deal was announced, but IOMG actually LOST ground. I think this is a classic example of a stock having peaked. Remember that with increased institutional holdings and more shares outstanding,as well as diminished short interest, the volatility has decreased. Comments? Kunal

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