Any info about Iomega (IOM)? Message Board

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

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To: Linda Pearson who wrote (50178)	3/16/1998 11:59:00 AM
From: BBG	Read Replies (3) of 58324

ALL: I sold my entire position (8000 sh.s) in IOM at $7 1/2 As most of you know I've always said I was in this for the long haul (3 - 5 yrs.)I said that as long as the fundamentals remained the same I would back this company... Today's announcement along with the last 3 to 4 months has convinced me that the fundamentals HAVE changed... i.e. growth is slowing, major competition is on the horizon, lawsuits pending, (I expect IOM to lose), etc... Up until recently I had confidence that IOMEGA management could handle the challenges but that confidence is now gone... I will continue to follow IOMEGA and may get back in if the price is right, CLIK! is launched on time and is a hit and IOMEGA management start doing a better job with it's "Street" relations... Licking my wounds in Mendoza... JD PS: I'm not going to sue anybody... This was my fault... I will learn from it...

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