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Non-Tech : Any info about Iomega (IOM)?
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To: Frank Drumond who wrote (42590)1/6/1998 4:51:00 PM
From: Rocky Reid  Read Replies (4) of 58324
 
>> At a million a month I don't think that more OEMs can be signed up given last published capacity was about 13 million drives a year.<<

And nary a peep from MCI or other Zip manufacturers either. It kind of makes you wonder if Iomega has decided to limit production capacity to only as much as they can sell within a certain amount of time.

IOM Earnings will take a tumble 1st Q -- even worse than last year. This is a stock that is trading at a premium of P/E 37. IOM's stock performance after 4th Q Earnings this month should prove to be very disheartening. I will have bailed way before.
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