Any info about Iomega (IOM)? Message Board

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

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To: Sir Walter Scott who wrote (31434)	10/7/1997 8:54:00 PM
From: john cusi	of 58324

ALL... Market Letter says "sell" with iom diving all day i was'nt in a good mood,so i did'nt bother to get my mail,cause i was surfing to find out why the drop? well about 7:30pm i went to get it,and there was my copy of Personal Finance editor Stephen Leeb. On the front of the issue in bold letters is the following "Investment black list of 1997-1998." there are about 30+ issues listed for "immediate sell". Under the heading Teetering Techs are six stocks "ready for a fall" they are electronic arts(erts)gateway2000(gtw)iomega(iom)quantum(qntm)seagate(seg)western digital(wdc) this market letter has a very large following including institutional investors i believe this is one of the reasons for the drop. calling the above stocks "the most vulnerable and overvalued, citing p\e's twice those of large tech stocks and more then three times that of the s&p500." personaly i don't agree with him on our stock, he seems to be dumping on the disk drive makers and iom is being brought down by association, it would be nice if they could create a removeable drive industry to seperate the two. long and strong and adding to my position on this pull back. john

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