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Non-Tech : Any info about Iomega (IOM)?
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To: Tom Tuggle who wrote (3116)6/17/1996 1:43:00 PM
From: Kunal Taravade   of 58324
 
I think this erosion in the stock price is linked to
the slew of poor earnings reports in the semiconductor
industry as a whole (including the storage industry).
Altera, Quantum and Micron all reported disapointing earnings
and drove down the whole tech sector with them. Even Intel
has lost ground over the past two weeks. I think Iomega
will continue to hover around the 35-40 range until the
earnings report. If they exceed estimates, the stock
price may well begin to recover.

Kunal
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