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Non-Tech : Any info about Iomega (IOM)?
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To: Li Cai who wrote (8547)10/10/1996 12:15:00 AM
From: Andrew Fenic   of 58324
 
I must disagree. IoMega is in for a very rough ride over the next few weeks. Insiders are dumping the stock in massive quantities. That suggests earnings are going to meet or fall slightly below Wall Street's _very poor_ expectations.

If IoMega doesn't crush those estimates there is going to be a bloodbath in the stock. Remember last time we had an earnings announcement that MET expectations? Carnage. The guts got ripped out of the stock, investors fled by the thousands in outright panic, and anyone long lost his shirt. At a PE of 75 the stock will not and cannot sustain its present valuation unless IoMega posts strong earnings and revenue growth.

On the bright side Jaz and Ditto sales look great right now and the ZIP is gaining momentum as a standard. Will that offset a poor earnings announcement? Eventually. But not before the stock drops back into the low teens or single digits.
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