Any info about Iomega (IOM)? Message Board

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

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To: Risky Business who wrote (4193)	7/10/1996 6:53:00 PM
From: Christopher A. Smith	of 58324

I have traded IOMG both long and short many times in the past 18 months, profiting everytime. My first long purchase was at $14 last summer. For me as an optical disk design and marketing professional I am of course biased towards the technical superiority of optical recording technology over that of the ZIP drive, I mean, is 100 MB really exciting toyou guys? In any case, I am not particulary long or short on the stock overall, it just represents an excellent trading opportunity due to its volatility. My question now is, why should I be excited about a predicted anouncement of 12 - 14 cents per share next week? Correct me if I am wrong, but, at $29/share, doesn't that equate to a P/E of over 200? Let's get real. I can easily see this one going into the teens. I hope so, because I just took out another short at 28.5. It's worth about 10. For those that don't know the history, remember that $29 equates to $174 before the 6:1 splitting.

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