Any info about Iomega (IOM)? Message Board

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

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To: sheila rothstein who wrote (50922)	3/26/1998 6:39:00 PM
From: Rational	Read Replies (1) of 58324

Sheila: I believe Clik! will be a big hit. Controlling its quality and delivering it fast is a key to IOM's continued success. IOM BOD removed the current CEO because he paid little attention to enhancing quality and did not care for customers. The battle (CEO-BOD) had been brewing for a long time, with the CEO promising to show results in the way he first succeeded -- advertisement. But, apparently, the old strategy did not work and was not going to work as many WS Analysts had believed. My experience with the fund managers is that they enter only at the lowest possible level. The stock must be beaten down before new fund managers commit. The new funds have been collecting all shares from $8 downward. Today's bid-ask spread of 6 15/16 - 7 (though the last trade for a small number of shares was 6 7/8) is still very close to the level at which it finished on the day of announcement, i.e., it is the lowest. Any positive announcement (product, management, etc.) will push the price upwards, given that most of the quality tech stocks are way overpriced. JMO Sankar

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