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Technology Stocks : Stock Swap

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To: jerryf who wrote (12956)	3/27/1998 3:28:00 AM
From: Tsaen Wang	Read Replies (2) of 17305

Is it about time to get some IOM? AV? ANYONE? Why, just because the stock looks cheap right now? The company just fired the CEO under mysterious circumstances. It's main product, ZIP drive is tapering off. The newer product aren't so well received. It still has to fend off the resurgent Syquest. All these adds up to more downward pressure. Of course, if the CEO search turn up someone highly regarded, the stock would rally one or two points. Otherwise, I don't see any upside at this moment. Bottomline, with the recent pre announcement, we are assured of a couple bad quarters from IOM. Plenty of time to jump back in. I would rather err on the side of caution at this point. Plus, I'll wait to see the new CEO and what s/he has in store for IOM.

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