Any info about Iomega (IOM)? Message Board

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

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To: wally hieslmair who wrote (3328)	6/21/1996 9:56:00 AM
From: Zoltan!	of 58324

And the beat goes on - GRUNTAL DIRECTOR SLAMS IOMEGA As Pure Momentum Play CNBC Morning Business Report 4:35 a.m. e.s t. Charles Lemonides, Director of Sterling Advisors, Gruntal & Co. on the future market outlook: Question by Dean Shepard: How much damage has been done to the OTC recently? "Very significant damage. Money managers are befuddled right now. What has been working for the past few years, now isn't working in a very dramatic way, and that is buying momentum stocks for the sake of buying momentum stocks." "The Pressteks and Iomegas of this world are so far off their peaks its very hard for rational people to get excited about them". Lemonides then went on to slam "Iomega and other stocks trading at 4 to 10 times revenues" So was it those darn WS professionals who pushed Iomega up into the stratosphere after all? And if they're now out, who's going to push it up? Regards

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