Any info about Iomega (IOM)? Message Board

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

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To: Richard James who wrote (49792)	3/12/1998 1:16:00 AM
From: Rocky Reid	Read Replies (2) of 58324

>>A question I have is how much, if anything, has been factored into the analyst's estimated Q1 earnings for sales of Buzz and Jazz2.<< I think that analysts are more concerned with how much of that $100 Million Ad expense will be factored into Q1 earnings. Add to that all of the legal council expenses from the lawsuits Iomega faces. I remember being laughed at and ridiculed back in Dec/Jan (before earnings were announced) when I said that Iomega could be in for some investor lawsuits. Is there anyone laughing about it now? IOM will continue its trek down into the $7's very soon. We are coming off of a small dead cat bounce, the bottom is not certain. IOM's chart looks wretched, and this may scare off T/A and momentum traders for now. However, there should be strong support at $7 1/8. It may be tested soon.

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