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Non-Tech : Any info about Iomega (IOM)?
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To: Cogito who wrote (43018)1/10/1998 6:43:00 AM
From: Mel Boreham  Read Replies (1) of 58324
 
Allen, Glad to see you got the Rock straight for "one more time", I know its a dirty job and someone has to do it! :^) I feel the same way about how the Clik! came about as an evolving device after very salient comments by potential OEMs. It will now be up to production and marketing specialists at IOM to birth this new toy that everybody just has to have. I am a beleiver! This is gonna happen. I hate to say this, but the market fall off couldn't have happened at a better time for those of us who are long term IOM holders (did I mention RAIN too!) who are going to roll over regular IRAs into Roth IRAs. The taxes that must be paid up front would have been rather prodigious only a couple of weeks ago, but now they will be quite reasonable... but the upside potential is still there for both of these stocks. After all once you put money into a Roth, you can't make withdrawals for 5 years! You can add more money each year (while working) and you can buy and sell stock within the Roth IRA. The nice thing about the Roth is that all future withdrawals are Tax Free and if you do happen to have good returns... this could be a very good way to shelter capital gains. The big question of course is having GOOD GROWTH STOCKS that will do well over the next several years. I think IOM will be one of those and nearly all of my current IRAs is filled with IOM. Sorry to have rambled on, but thought it was a good time to talk about the new Roth and tax stategies here. Mel
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