Any info about Iomega (IOM)? Message Board

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

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To: Rodney B. Hill who wrote (3674)	6/27/1996 11:26:00 AM
From: Mukti Samal	of 58324

RESEARCH ALERT - Iomega (NASDAQ:IOMG) started as buy -- The analyst set his 1996 year earnings estimate of $0.52 per share and a 1997 estimate of $0.88 per share. His second quarter 1996 estimate was put at $0.10 per share. -- In published comments, the analyst said that "Iomega has caught an entire segment of the computer industry asleep at the switch." He noted that while microprocessor speeds have multiplied, Internet growth has spiralled and demand for multimedia storage has grown, removable data storage products remain largely the same as a decade ago. -- "Iomega has the razor blades to go with its razors," he said, reciting a popular Wall Street investment theme. The comment refers to how Iomega produces not only storage hardware, but the removable disks, providing for a steady long-term source of revenue. -- While noting that Iomega's stock price has ballooned in the past year, Kunstler said the company's strong long-term earnings prospects support these valuations. Still, he noted that the stock remains highly volatile. -- Eric Auchard, Wall Street bureau, 212-859-1736

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