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Non-Tech : Any info about Iomega (IOM)?
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To: Winner Victorious who wrote (3325)6/22/1996 9:22:00 AM
From: Stan Walker   of 58324
 
Winner, I saw that show and Joe Kernan said that he had interviewed one of the Gardner brothers several weeks ago and he thought that "he remembered the guy said it might be time to lighted up on Iomega stock". Joe then hurried to cover his tracks and said that he would have to check his tapes to verify this. Then he laughed and said that he wasn't going to say any more until he had checked the tapes. I got the distinct impression that he has received alot of flack about his statements about Iomega and I think he was foreseeing what was coming. The very next day CNBC covered itself by interviewing Tom or David Garner (I forget the first name) and it was wonderful, maybe somebody here will post a transcrip of the interview. I didn't catch the whole interview but the interviewer (the guy that looks like George on the Seinfeld show) asked David if he would be a seller of Iomega at these prices and David responded by saying that Iomega was going to do about one and a half BILLION dollars in revenue this year and he thought that selling for about 2 times revenue was very cheap he thought Iomega should sell for 4 or 5 times revenues! I loved it. He also went on to say that the financial news media was badly misinformed on Iomega and some other stuff that I don't remember. Hope this helps. Stan
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