Any info about Iomega (IOM)? Message Board

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

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To: Sun Wong who wrote (4965)	7/23/1996 10:35:00 PM
From: Glenn Omura	of 58324

Sun Wong, Fred. Afterhours trading drove prices down to about 15 7/8 before rising to the "official" close. But volume was significant, suggesting the familiar pattern of a quick rise, and rapid falling off tomorrow is likely. Fred, why do you think it will base out at 10-12? When will it reach that point? My guess is that it will probably get there by Thursday given the recent rate of fall. What is your thinking on the 900 NASDAQ? At the current rate of fall, it will take another week to reach 900---if it happens all, or unless real panic happens. These assume linearity (clearly questionnable). Whatever happens to the NASDAQ, there will be a corelating drag on IOMEGA.

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