Any info about Iomega (IOM)? Message Board

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

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To: isdsms who wrote (31457)	10/7/1997 11:17:00 PM
From: Dave Krishna	of 58324

Ira, I am just completely amazed at how the market works. How is it possible that this stock can be taken down so easily on whatever rumor seems to fit ? And how can this be done the week before an expected good earnings announcement ? It really makes me question the stability of the shareholder base because it looks like there are a lot of nervous people out there. Correct me if I'm wrong, but was it not Imation (LS-120) that had the terrible earnings report last week ? One would think that Iomega owns the LS 120 from the recent price action. How could someone who is holding Iomega in anticipation of next week sell at 22 today ? If there was an earnings preannouncement or some real negative news then I could understand. But to sell your shares that low on no news tells me that there are a lot of people who are not confident in Iomega holding the stock. So I agree, we definitely need more institutional ownership and hopefully they'll be picking up some cheap tomorrow. Regards, Dave

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