Any info about Iomega (IOM)? Message Board

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

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To: KM who wrote (44876)	1/23/1998 2:59:00 PM
From: Rocky Reid	Read Replies (2) of 58324

Truff, I guess tonight you can break out the booze. I am holding off of buying more at this level. The money rushing in is undoubtedly individuals picking up the last of the big Institutional see ya' later. After this short term carnage, the buyers and sellers will slack off and volume will go way down once again. The price could meander for weeks in the $6-$8 range. The analysts and KE can hem and haw all they want about Asia, delayed shipments, spending $100MM on ads, whatever. What it really boils down to is the disappointing American Sales, and it is this figure that crushed the share price. KE was not being straightforward in my opinion when he blamed Asia for the shortfall. Why else would they spend the $100MM if it wasn't the biggest problem? 4th Q American sales growth displayed a real concern that they have peaked in this last Q (the busiest of the year), and may even show signs of revenue decline from here on. This is what concerns The Street the most.

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