Any info about Iomega (IOM)? Message Board

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

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To: Rodger Wenzel who wrote (8275)	10/3/1996 6:19:00 PM
From: Brian Lempel	of 58324

Rodger, What you keep repeating about OEM deals over and over is certainly true. However, is it really going to jump up in the hurry you seem to believe it will. You said in a previous post that the decline in price has been due to short selling and to add to your long. I disagree. I still see this stock heading into the teens (but not 5 :). The reasons are simple. The earnings are declining as a result of the increase in production for the Jaz and Zip drives. Also, analysts keep revising future ('97 and '98) fiscal earnings downward. IOMG is not going to have as large of an earnings growth as was evident earlier in the year. This is why IOMG has come down from such ridiculous multiples seen earlier in the year. Sure, future deals are coming, but not just yet. The stock price will bounce around in the high teens and low twenties. Things will really get interesting after 3rd quarter announcements. If earnings are above estimates, than IOMG will soar. If they meet or are below expectations, it will probably have little impact on the price. However, I still think that there will be good news of the future shortly after earnings. With the bad quarter behind, there is only good news ahead. Be cautious when you buy!!! -Brian

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