Any info about Iomega (IOM)? Message Board

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

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To: Linda Pearson who wrote (40638)	12/18/1997 8:14:00 PM
From: Maverick	Read Replies (1) of 58324

The Motley Fool's spin on today: fool.yahoo.com Iomega Corp. (NYSE:IOM - news) fell $2 1/2 to $24 after yesterday's news that a French court had lifted its preliminary injunction against Nomai, whose product Iomega had claimed infringed upon Iomega intellectual property. Furthering today's decline, Iomega announced that it has pushed back the release date of its two gigabyte Jaz drive, which worries those who remember heat glitches with the one gigabyte version. As far as this affecting quarterly numbers, analysts weren't expecting the new Jaz to play into fourth quarter EPS growth of 58%. With analysts estimating 39% EPS growth for the coming year and the company's stock priced at 34 times trailing EPS coming into the day, a new product's rollout deviating from company plans isn't exactly the first thought that comes to a shareholders' minds when they think about stock price appreciation. As I recall, The MF remains (despite the "disaster" on NASDAQ) IOM's number one fan. They're blaming it on the combination of the two releases. They make a good point. I can see how the casual observer would overreact to this. Once the drop started, everyone thought the sky was falling.

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