Any info about Iomega (IOM)? Message Board

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

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To: Dennis Quintela who wrote (3397)	6/24/1996 10:14:00 PM
From: J P Cross	of 58324

To All: Read today from Motley Fool summary that KE said after first quarter report that Iomega inventory turn was up from 4 to 6. This means that every 2 months Iomega has a complete inventory turn or sale. This is fantastic. But, KE said he is shooting for 10 to 12. This ramp-up will do wonders for the positive cash flow which in turn with bring more profits to Iomega quicker. The increased cash flow will be used to finance expansion. This will make it unnecessary to go to the market with another offering to raise cash. JAZ is also making believers out of many. Some state that the JAZ will be the standard not the ZIP. This is still a well kept secret. Utah home plant is working around the clock to produce every JAZ they possibly can. I know people who still can't find one. This is music to my ears. The announcement of the internal ZIP set to come out first quarter 97 means increased sales and profits and a lock on that market for at least remainder of 97. The signing of 5 of the top 7 PC OEM's makes a very strong case for ZIP to be the standard. It's a matter of time before Compaq, Gateway...etc sign. My wife's cousin in Ireland E-Mailed me a response to my question: Have you heard of a product called ZIP or JAZ? He responded that it was a great product and great value. We call it zippie he said. He went on to describe it as data storage technology. I hear nothing but great things about Iomega products. There has been no competion that has convinced me that Iomega should be concerned or feel threatened. This includes the LS-120, Syquest EZ-135...etc. The fact that other drive makers stock is suffering like Western Digital, Quantum, Seagate...etc. tells me that ZIP and JAZ are having an impact. Something few want to admit. Also, The PC industry can't make the Iomega ZIP or JAZ the standard overnite while they have a backlog of inventory to move. You will see the other drive maker's orders decrease along with the stock too. Syquest is on the ropes. They only raised 20 million after posting a loss of 50 million in the last quarter. The product is not well received and it's a matter of time before they are delisted on NASDAQ. I have more but will stop with these tid bits. This is what I see developing. We are now in a normal, expected pull back in the price. This company is moving fast. Many can't comprehend the possibilities of this company. Until I see a true threat of existing competition this company is a big, big winner in my mind. My prediction for the stock price is 100 by the end of first quarter 97. Looking to buy in soon. Regards, JP Cross

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