Any info about Iomega (IOM)? Message Board

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

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To: Jay Chaffin who wrote (2881)	6/13/1996 6:55:00 AM
From: Joe Rizzo	of 58324

Jay, I am still short Iomega--primariy because I do not believe the company warrants a $6 billion market valuation until it is a little farther along in its quest to dominate the removable storage business. I have been long seagate since it was $13, but lightened up dramatically after its last quarter, which was a major disappointment, the first in some time. I sold both Seagate and Western Digital in the morning when I read that Al Shugart, Chairman of Seagate, sold 180,000 shares at 58. There seem to be some clouds on the horizon for the traditional disk makers. I think part of the problem stems from Iomega. In the past, Western used to discuss how IDC predicted 1.6 drives would ship for each PC. I think Iomega changes that ratio dramatically. Further Seagate's tape business is reeling; my guess is that Iomega is the cause of the problem there as well. Any thoughts on Iomega's roll regarding the drive replacement business and Seagate's tape business would be appreciated. Joe Rizzo JMR Trading

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