Any info about Iomega (IOM)? Message Board

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

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To: KM who wrote (34204)	10/31/1997 9:45:00 PM
From: D.J.Smyth	Read Replies (1) of 58324

i hope you didn't stick around cymer Trufflette. what a great company with a lousy chart! those holding IOM should be right proud of the firming this company's price has been doing as of late. don't tell me you shorted cymer! we thought we'd get cute and day trade this stock and it worked successful each time until today when the rambus router (carlton lutts) issued a sell due to his losing money in the company. you'd think carlton would issue a sell at $45 when he bought it at $25. hard one to figure this cymer. of course, it's getting hit with all the semiconductor stocks. interestingly, cymer is the salvation of these companies as the semis must move to .25mu to improve yield and command a higher price for their chips. current .35mu to .50mu commands lower prices with a yield 100% less (or DUV is 2X greater yield) than that derived from .25mu, so it is imperative that chip makers move to DUV as quickly as possible. cymer states they'll sell 550 to 600 next year with earnings of $1.50 to $1.65 for '98 and at least $2.50 to $3.00 for '99. two analysts covering cymer considered earlier projections by cymer overly optimistic but stated that relative to orders cymer already has on the books they could be wrong. these same two analysts put a neutral on the company and drove its price down. nikon just released earnings today stating that DUV demand is strong and continues to be strong - but cymer drops a point because of Cabot (he issued the sell after market close due to his 20% loss rule, so watch it next week)! watch cymer close as when it hits the bottom, the shorts (50% of the float now) will cover quickly. bottom is around $19 to $20 we believe everything else being equal.

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