Any info about Iomega (IOM)? Message Board

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

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To: Guy Gordon who wrote (3367)	6/22/1996 7:06:00 PM
From: mike cobble	of 58324

The LS120 news this week was nothing new to all longterm IOMG investors. We have been aware of this product a long time. I know you have been too. For those new IOMG investors this would scare them until they realized the tech was sold by IOMG and is not manufacturable because of expense. Once again IOMG will tear them apart because IOMG product is better and much cheaper to produce. IOMG is determined to win the price war and stated in annual meeting they would continue to lower prices of drives and discs as market strategy. All o my friends who know I am a big IOMG investor/supporter (took off work to go to annual meeting) have called to ask if the news over last 10 days is a problem. To the uninformed I'm sure the news looks bad, but It will only create phenominal buying opps. for real investors. My outlook for this year which I posted before earnings 4/96 once again is the 50-100 range presplit. We are currently trading at 60 with my expected downside of 25 and upside of 50. It will get better next year as Young implies. Good luck to all, many of us have been long since the presplit days. mike

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