Any info about Iomega (IOM)? Message Board

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

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To: Rocky Reid who wrote (50635)	3/18/1998 3:46:00 PM
From: Bill Lin	Read Replies (1) of 58324

Rocky, at what price would jaz 2 have to sink for you to want to buy it? My guess is $159 for today. Would that satisfay your price point? I am really curious! I don't believe that IOM will decend beyond $5. I know book is really low, but the fundamental revenue stream is still potent. At $5, the stock will sell in parity with the HDD market (using 283mm shares, mkt cap is $1.4billion, divided by $2 billion est. in sales for fy '98) of 0.7 If you go lower, then someone WILL scoop them up, or try to. The previous argument was for SEG or WDC to buy them. I think a company with a multiple of 5.0 price to sales ratio would be more interested! No clue who. lots of speculation in my head. But thats just if the market holds up and sales don't continue to decline, and if ... so its not a strong rationale, but its there, and will and should give pause to the idea that the stock will tumble to below book. :) BL ps email me your response on jaz2 if you want privacy. I can't read email until thursday though. gremlins!

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