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

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To: Gary Wisdom who wrote (36463)11/19/1997 2:52:00 PM
From: Dale Stempson  Read Replies (2) of 58324
 
>>>OT:HMTT<<<

"Analyst Todd Bakar said the downgrades were based on continued concern about the outlook for disk drive companies over the next six to nine months."

Actually I'm surprised Todd grouped HMTT together with QNTM and RDRT for this downgrade. IMO, HMTT should hold up very well compared to others in the group. IOM Jaz platters already account for 1/3 of their revenues alone and that doesn't account for increases due to HMT's selection as supplier for the 2GB platters.

In addition, HMT has just recently announced they are still on target with their expansion plans. They have all static lines which are much in demand while the competition struggles to catch up. HMT at these levels is a buy IMO.

Regards - Dale
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