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

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To: Stan Walker who wrote (9622)10/21/1996 9:57:00 PM
From: Rafique Sheikh   of 58324
 
IOMG went down today after actually going down (friday, it didn't go over the after-hour trade thursday). I found out about the news release for ANCR (they signed an agreement with a company in Asia for distributingtheir fiber channels), so I left IOMG and got onto ANCR, do you think I made a mistake? I have alsoi been trying to form a pattern with IOMG, and it seems recently it's been unable to go over $27, it comes back to $21 and then picks up. I thought of taking the chance of staying in IOMG while buying ANCR but, seemed to risky I could loose my shirt. iF you geta a chance check out the news release on yahoo quotes on ANCR, it's huge, stock was up 2-3/8ths, very +ve. Thanks for your suggestion.

If you are short & long term bullish, on iOMG then may be ai made a mistake. However to me the news release about Sony was big but the market didn't respond to it, infact there is another news release taht says some exhibition by giant companies like Phllips and Compact disk ( a 5 total) about their CD-Rom is gonna' put pressure on IOMG and Syquest, what do you think.

Give me your recommendation:

Stay in ANCR/
Get back in IOMG
rafique
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