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

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To: Guy Gordon who wrote (5005)7/24/1996 1:55:00 AM
From: Dale Stempson   of 58324
 
Guy, I seldom make short term predictions about a stock's price, but just for the fun of it, I'll give it a try for tomorrow. I think Iomega will close at 17-3/4. I believe that half of today's drop was due to IMPX and the other half was due to the market in general. Assuming we don't have another major drop in the NASDAQ, this stock want's to move quickly back above 17-1/2. I think that there were a number of "investors" who used IMP's earnings statements to confirm the meaning of KE's statement regarding Q3 being a "challenge." With today's clarification statements from IMP, we could have some renewed faith. I think this is worth at least a point and a half. Regards - Dale.
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