Any info about Iomega (IOM)? Message Board

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

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To: Kevin Lee who wrote (9491)	10/21/1996 4:58:00 PM
From: Brian Lempel	of 58324

Kevin, I am new to online investing (I'm relatively new to investing period). I'm not sure about the diferrent commissions for trading optons. You say thatit will go up for the same reason it went up in may. Well what is that reason? I think the main reason it went up in may was becuase just about everybody couldn't believe what an incredible product IOMG had! It seemed like they would be making tons of money in no time. They were wrong! It is now understood that the going will be much tougher. There will be lower margins in the future, and a much less percentage rise in earnings. Believe me, if you think that people buying stocks on friends' reccomendations will or could send a stock price from 25 to 55, you need to rethink your position. A price of 55 (putting the p/e near 120?) is ridiculous! IOMG is not expected to make anywhere near that kind of growth. I do not intend on buying IOMG, like I have said, unless it goes into the teens. Sorry to break the news to you, but IOMG WILL NOT SEE 55 FOR A WHILE -Brian

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