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Non-Tech : Any info about Iomega (IOM)?
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To: Frank Drumond who wrote (43305)1/13/1998 2:35:00 PM
From: Brent D. Beal  Read Replies (4) of 58324
 
Even the dd sector is moving up. Something is rotten in Denmark, either that or Wall Street is comprised of a bunch of complete morons that evidently could care less about making money. Although I buy the first part, I don't think the second is true. Even morons like to make money, so why isn't IOM moving up? I've becoming convinced that somebody know more than we do. . . Here are some thoughts:

1) Sony really is serious about pushing their drive in a big way

2) The patent issue isn't as settled as we think it is

3) There are some costs resulting from problems in Asia or something else we don't know about

4) Zips are selling as well as we think they are or the rate of increase in sells in falling

5) There are problems with Click! which are going to result in further delays--not uncommon for IOM

6) There are problems with JazII--a possibility since it's already been delayed once together with all the rumors of problems with Jaz, maybe doubling capacity intensifies these problems

7) There are problems with Buz, which as far as I know still is shipping. . . Why not?

8) We are seeing a contraction of IOMs P/E based on the fact that the company is still almost entirely dependent on the Zip (JazII is delayed, Buz is delayed, nothing from Click! expected for 6 months, etc.)

Any other ideas? Maybe we need to quit patting each other on back or grumbling about conspiracies and figure out what's going on before we all end up holding an $8 stock. . .
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