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Non-Tech : Any info about Iomega (IOM)?
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To: Gottfried who wrote (18605)3/25/1997 8:47:00 AM
From: Kunal Taravade   of 58324
 
Gottfried,

I think Rocky mentioned in his "dispassionate reply"
that the most important thing keeping IOM down is the
lack of sufficient institutions and individuals willing
to participate in it. Conversely, the thing that would
cause the shorts to leave is if these institutions and
individuals came into IOM. The problem of IOM has reduced
to simple supply/demand statistics. If there isn't enough
demand for the stock, the price will stay depressed in
absence of any new earth shattering announcements.

Further, although it is true as you say that over the long
term, the stock will follow earnings performance, this
rule is by no means true in the short term. Case in point,
INTC. In 1993, Intel's earnings grew by more than 100% over
the past year, but INTC rose less than 5%. I am not suggesting
any similarities between INTC and IOM, but just an example
of how things might look distorted in the short term.

Regards,

Kunal
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