Any info about Iomega (IOM)? Message Board

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

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To: Philip J. Davis who wrote (9242)	10/18/1996 12:03:00 AM
From: Ken Pomaranski	of 58324

Lots of wierd stuff going on tonight. I never fail to be amused by the posts, that's for sure. It breaks up the monotony of work.... Just some more paranoid thoughts (just thinking aloud about what long term position to take)... I believe that Q4 is going to be about the last of it. Here is why: (1) Jaz is not contributing as much as expected. (will it ever? don't know with DVD, and optical coming around) (2) Tape drives are a commodity.. I'll write these off.. (3) That leaves ZIPs. A one product company... hmmm... When margins get squeezed here (already happening) the trouble could begin. (4) Don't see any quarter getting much above .10/share (.40/year = trailing P/E a constant 62.5 or so. hmmm.. a little above the average for mass storage companies ;). (5) Year over Year comparisons are going to get A LOT tougher. (no more: Sales TRIPLED this quarter or EARNINGS UP 500%, etc.) (6) Move to NYSE: short term: GREAT! long term: BAD! Not many fund managers will be buying 62.5 PE stocks with 20% year over year growth. Those longs will be wishing for the old days in about 6 months.. Nothing I've seen (or heard, I listened to the conference call) makes me want to be a long term long. BUT the short term looks very interesting. I expect to make a PILE of money going both short and long over the next 3 months. This will be a great trading stock. I expect a huge pop over the next few days (to 30+), then a crash back down into a trading range. I expect to make good money on both ends of my 'strangle' or 'combination', expecially the long side. We've got about 6 months left... kp

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