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Non-Tech : Any info about Iomega (IOM)?
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To: who wrote (2580)6/8/1996 10:46:00 AM
From:    of 58324
 
RE: Message from Fouad Nona on Jun 7 1996 12:35AM EST

Fouad, You Wrote:

Rick: >>>IOMG has sacrificed earnings to go after market share and revenue.<<

Yeah but do your really think that Frank understands that?
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Fouad, On May 27, I posted the following message:

If Iomega's product cost structure is for "a $99 Zip and $5 Zip disks in the future", there can't be
enough profit in the product to justify a $6 Billion Market Cap. Iomega will be committing suicide
to sell at such a low profit margin. Really successful companies make their products for a cheap
price and sell it for a healthy profit. If Iomega is out to give it away just to get it in everyone's
hands, I see this as a poor strategy that will lead the company down the same path that the
Semiconductor Industry finds itself on.
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So as you can see Fouad, I understand it enough not to be as bullish on Iomega as you seem to be. Or are you trying to CHEERLEAD THE PRICE UP so you can get out without loosing. Probably so if you were one of those who bought in as high as 55.125 on May 19. Just look at the 100 Day Chart Fouad and you will notice a DOWNWARD SLIDE in the Iomega share price since it peaked on May 19. It is obvious that many of those who are buying IOMG are AVERAGING DOWN their positions which are in the 50's. Perhaps you could try that technique too if you are loosing your shirt.

Happy Trading,

Frank

P.S. Why don't you give your e-mail address? Don't be so secretive.
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