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Non-Tech : Any info about Iomega (IOM)?
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To: Rafique Sheikh who wrote (9639)10/22/1996 9:10:00 AM
From: Stan Walker   of 58324
 
Rafique, FWIW I like ANCR. It has one advantage over IOMG in that its story is just beginning to unfold and until they start showing a couple of quarters of actual earnings so we can more accurately judge their growth the sky's the limit. . . As for as that "news" release about re-writable CD, I went over that thing with a fine tooth comb and it's my opinion that they carefully avoided mentioning their true competition. These giant companies are flexing their muscles and are saying "look at us, look at what we can do" without considering the final user. In other words, who would buy a Jaz when for twice the money you could get half the machine! Basically, I just don't see CD-R and Iomega competing in the same market at this time. . . One more thing, that $27 ceiling is approximately a 100% gain in 6 weeks or so for IOMG so it's natural that there will be some profit taking at that level but you can't hold back a company that has a growth rate of 200+% for long. That $27 mark won't last. Good luck with ANCR. Regards, Stan.
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