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Non-Tech : Any info about Iomega (IOM)?
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To: Franco Forghieri who wrote ()5/30/1997 3:50:00 PM
From: relentless   of 58324
 
Why are people investing in IOMEGA? The stock price is 33 times
it's earnings. When Hard drive companies, which are faster,
and cheaper than IOMEGA, and people don't want to buy it.
Look at Western Digital's split for upcoming split for next week.
The stock has only a p/e ratio of 12. Which is excellent for a
technology company. It grewed 300% last year, the company has no debt, and people want to buy IOMEGA. I don't understand. With the upcoming split, the stock has to go up, more people would able to afford it.
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