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Non-Tech : Any info about Iomega (IOM)?
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To: Harlan Bachmayer who wrote (9660)10/22/1996 8:52:00 AM
From: NTMD8TR   of 58324
 
The Market Makers are liquidating their inventories before IOM moves to the NYSE. Looks like there were a lot of SHORT MM's headed into earnings.

IOM has supported a PE of over 80 for the past few weeks, and a lot higher than that in the past. A PE of 60 was a pipe dream a few months ago, now it is reality. I can understand a pullback from a triple-digit PE range, but I just can't see IOM going back below $20.
Let the stock base a little and take a breather. Overall, techs have been weak the past few days. We'll see if MSFT can prop 'em up today.

Jeff
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