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Non-Tech : Inside Trading

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To: Haroon Mokhtarzada who wrote (31)	10/11/1996 11:00:00 AM
From: Ron Jones	of 62

CSCC (Cascade Communications) drops 10 points today after their earnings report yesterday after the bell. What does this have to do with Iomega? Well, I'm concerned, like everyone else here from this kind of drop happening with Iomega. If you lookat CSCC, you'll see it was a GOOD report, but a drop in the earnings GROWTH RATE was anticipated, thus the drop. It seems to me to be just too hard to judge what the "market" (market makers?) will do when these earnings reports come in. An otherwise great report can get a stock pounded if it can't keep the growth rate up. I'm not sure what gottchas Iomega might have in it's earnings report on the 17th...but it sure has me nervous--yes, you can be long on Iomega for the long-term, but ridding the bull down and waiting...and waiting...and waiting..isn't my idea of fun. Would it be better to sell out now and then buy in after the earings report comes out? (I still haven't made up my mind on this...but it seems to be the safer move). --ron

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