Any info about Iomega (IOM)? Message Board

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

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To: Carl Fritch who wrote (7075)	9/12/1996 7:37:00 PM
From: mark lerman	of 58324

>(1) Some people think the stock is being manipulated... This is kinda paranoid, but who knows. >(2)The stock rose so fast... This stock was lumped with Presstek, a loser of a company. Presstek was touted along with Iomega by a newsletter editor who recommended stocks. Later it turned out, much of his advice was self-serving and many people got burned. Iomega has earned a reputation as a high-flyer as a result. >One thing I've noticed (though I only check the stock once in a while) is most of the purchases (sales at ASK or fractions close to the ASK)... If this is true, then it clearly shows smaller investors who were hoping to get-rich-quick are looking for greener pastures. I'd be a lot mopre worried if institutional investors were selling large blocks. But it seems they are in it for the long-haul. The other looming reason that IOMG stock is performing 'poorly' right now is the simple ration of the stock price to the earnings estimates. Many (like JP on this forum), can't justify paying such high valuations for a 'device storage' company. But is IOMG just a media storage company or an industry standard? Right now this question is in a state of flux. It will be some time before IOMG is given credit by the rest of the investment community. It could happen tomorrow or more likely will take a couple of good quarters and some impressive statistics from the OEM deals that have been put together this year. You never know what the rest of the people think, especially the ones with the $. -m

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