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Non-Tech : Any info about Iomega (IOM)?
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To: Henry Kim who wrote (9831)10/23/1996 3:32:00 AM
From: dharampal luthra   of 58324
 
The weakness in IOMG stock after earnings is temporary. On Friday we
had the options expiration and a lot of stock was shorted by....to
keep the options (calls at25) worthless. The market for techs has been weak the last 2 days and IOMG is going with the market. Good earnings do not always bring immediate results but create a lot of demand in the "wings". Just wait for a market turnaround and you will see both a buying interest in IOMG and a short covering ally.

I watch a lot of stocks and observe how they react to good news. The
reaction is more likely to be delayed rather than short term.

Incidentally, the SAN JOSE MERCURY had a long article on CD-rw and
accorded the device only a possible small niche market. Not direct competion for IOMG. There are many problems with CD-RW and DVD
technologies yet.
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