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

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To: Jim Higgins who wrote (2441)6/4/1996 11:53:00 PM
From: Joe Rizzo   of 58324
 
2 million Zip Drives have been sold since introduction, not 3 million according to Iomega's 6/3/96 press release. Aa to the tenacity of Iomega longs, I have great respect. I have never seen a stock run this far ahead of fundamentals in my twenty years of research and trading. This is not to say that Iomega does not have a great product. I am dying to buy one, but can not bring myself to do it until after I cover my short. The fundamental question to me is this: Is this company worth $5.9 billion dollars? I submit to you that it is not.

Joe Rizzo
JMR Trading
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