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Non-Tech : Any info about Iomega (IOM)?
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To: bull who wrote (9483)10/20/1996 10:39:00 AM
From: Robert Skinner   of 58324
 
Dealing in facts.

Bull as reported in Q3 IOMG margins are %26.3.

Zip Tie ratios improved.(how many zip disk were sold compaired drives). The trend is now established. The installed base of Zip drives attracts more high margin Zip disk sales.

Penang plant (Iomega's new plant) now into production. I read this as cheeper overseas production with the added benfit of eliminating cost associated from the use of contract manufacturers (see middle men).

Iomega's competion fights to keep from going to the pink sheets. While Iomega is upgraded to the New York Stock Exchange. (NYSE has higher standards. Requires more to be listed there)

Prior Q3 report I was, as posted holding put options. But the facts speak clear for there self. As I have posted in the past and while I was doing so, I bought IOMG at 14 7/16 sold at 26. Bought put options prior Q3 report. Read the facts and listened to the conference call. (Q3 report) for myself. Based on this information Bought 3,000 IOMG shares at market 25 1/8 and during the day friday bought call options. I had put in my order to buy the stock Friday morining about 2:00am. I helped my own put options expire worthless based on the facts alone.

Still holding back most of my IOMG investment cash. Just in case I can buy more at a lower price.

I'm not cheer leading as shown above just trading on facts.

Bob
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