Any info about Iomega (IOM)? Message Board

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

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To: Hugh W. who wrote (3005)	6/14/1996 5:42:00 PM
From: Kunal Taravade	of 58324

Hugh, You are right. The initial wave of frenzied buyers has long since subsided as everyone tried to get in before the split. People are now waiting for earnings report before they buy more. The best case you can hope for between now and then is that the stock holds on tenaciously to the 40$ region. If volume does not completely die out, we can expect a new rally reminiscent of the one in march and april this year. The worst case scenario (not impossible) is that the earnings report is disappointing for a variety of reasons, and the stock is hammered and could lose upto 50% of its value in a single day. But right now, nothing unexpected is happening, and all OEM deals have been factored into the price of the stock, and not many people are buying. Infact, thanks to the institutional investors, we are not losing ground. Kunal

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