Any info about Iomega (IOM)? Message Board

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

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To: Brent D. Beal who wrote (43285)	1/13/1998 1:14:00 PM
From: Andrew Shih	Read Replies (2) of 58324

The problem with IOM stock is that it falls in/out of favor for long time periods. For example, last year we slowly dropped from $20 to $14 (pre-split). From there it was about 150% up to our recent highs. We are once again trapped in a downtrend. The problem is that when this trend is broken, it will probably be a very sharp rise (20% in a day or two). Assuming that Sony doesn't dump HiFD drives later this year and that Iomega can continue ramping up capacity, we should see a 50% to 75% rise this year. That would roughly return the P/E ratio to the historic IOM range between 30 and 40. Unfortunately, we are not afforded the same P/E as Yahoo <g>. -Andrew

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