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Non-Tech : Any info about Iomega (IOM)?
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To: Franco Forghieri who wrote ()6/23/1996 11:15:00 PM
From: J P Cross   of 58324
 
To All: Have been watching this thread for six weeks. As a newbie
on the internet I haven't seen anything that makes me this excited
about information available to individual investors, ever in one place.

My dad bought into Iomega last year and made some decent profits
on short term trades. Then after the second to last split he bought
10,600 shares post-split at an average price of 7 per share. He does
not understand the basics of financial analysis. He strictly buys
companies because he like the product, service and/or management.
You might say he goes by his gut feel.

As a CPA I set out to find out what Iomega was all about. The Silicon
Investor has given us more data and a wide variety of opinions from
which we have been able to make well informed investment decisions.
We no longer view the squak box, WSJ, Barrons...etc. with the same
confidence we once did. How naive we were.

The Iomega products continue to receive outstanding reviews by my
co-workers in the computer software industry. With the stream of
recent announcements it is just about time to back up the truck. The
low 20's would be great. After July 14 it may be too late though.
As earning reports continue to surprise, the big guys will back up
the semi-trucks and we'll see some spectacular gains in share price.

Many of the longs were disappointed in the recent pull back. The
fundamentals kept me from buying in. Capital gains tax and long term
prospects kept dad from selling. He would have sold had your posts
and the data not been available to us via The Silicon Investor.

Some of the view points, analysis and estimates have given me some
headaches from thinking so hard. What a roller coaster ride and great
experience it has been though.

Thanks to all for the informative posts to help us understand the
company, products and potential. Especially thanks for explaining
the rumors and press releases for the media cheap shots that they
really are.

Fri nite, Paul Kangas also lumped Iomega in with Presstek as a highly
speculative momentum play. His guest analyst, some newsletter writer
stated to stay away from such specalutive bubbles like these two. Had
to laugh about their comments.

JP Cross

PS Supply and demand drive the share price. It's just a matter of
time before the earnings reports create some "big eyes" and the stock
will once again be in high demand. My guess: $100 by 1stQ 97.
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