Any info about Iomega (IOM)? Message Board

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

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To: JoeG who wrote (4609)	7/18/1996 10:39:00 PM
From: Armen Kassabian	of 58324

One other thing: Everyone is forgetting that analysts will have something to say tommoorow morning regarding the earnings and revenue, and they are both above WALL STREET estimates, so their opinions/forecasts could also affect a strongly emotional stock like Iomega. Personally, I think it will open at 26, go down to 23 and close at 24 1/2. However, institutions will begin to buy this stock, now that they have two quarters of earnings that exceeded expectations and revenue of 500m for 1st six months of '96, a slow time for computer sales in general. Over the next few months, Iomega could become a wall street darling.

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