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Non-Tech : Any info about Iomega (IOM)?
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To: Christopher A. Smith who wrote (4683)7/19/1996 1:23:00 PM
From: Armen Kassabian   of 58324
 
Notice how the mainstream media is suddenly POSITIVE on Iomega, and the Internet community is more NEGATIVE on Iomega's 2Q earnings?
This quarter will mark the shift of Iomega as an Internet darling to a Wall Street Darling, as Institutions will see 2 Quarters of greater than 40% sequential EPS growth, and start accumulating the stock. At the same time, I see a lot of the momentum players and novices jumping out of the stock. This is a big positive for Iomega, it should decrease the volatility of its stock and increase its reputation as more than an "internet hyped stock". Currently, it is 23 3/8 bid 23 1/2 ask, off its lows of 21 5/8 bid. (10:18 PST)
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