Any info about Iomega (IOM)? Message Board

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

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To: Dale Stempson who wrote (7404)	9/22/1996 11:43:00 PM
From: Phil Tran	of 58324

Dale: I agree with you totally. IOMG will decline back again (probably to 12-13) before the 3Q announcement. IOMG has uncertain fundamentals and high short interest. I would not buy at $17+. On Tuesday the Fed will leave interest rates alone -- watch the market soars while IOMG remains flat. To any potential buyer, do not buy now. Stay clear PT Post 7404: Winner, Re: "We know that the company will blow out this .07/sh estimate and rally big time." How can you say this? H&Q and JP Morgan just slashed their earnings estimates. Emerald Research currently has IOMG as a short term hold. Iomega has cut their orders to SFLX quoting sharply reduced demand in Europe. Forecasts are for sales to be around $257 milllion, a drop from last quarter. Total earnings for last quarter were $14.1 million and rebates will be more than that. Where is the 3rd quarter surprise going to come from? I remain long Iomega, but I am not going to suggest to anyone that they buy at this time. Waiting for the 3rd quarter report to be released is the best course of action. Regards - Dale

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