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Non-Tech : Any info about Iomega (IOM)?
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To: Herb Fuller who wrote (51398)3/27/1998 7:30:00 AM
From: Herb Fuller  Read Replies (1) of 58324
 
All: Re:>>>The Squeeze Is On for PC Makers<<<

Following is a very good article about the problems the box makers are experiencing . Iomega is in the middle of this mess to no fault of their own . Iomega's problems are a temporary setback and should diminish by the 3rd quarter at the worst .

Snip :
Something is amiss in the land of computers. On March 4, Intel warned that first-quarter results would come in below expectations; Compaq followed two days later with its own confession. Both stocks plunged more than 20%, and the entire personal computer sector seemed to quake. "We are cautious on personal computer stocks," says Frank Walsh, a Putnam technology analyst. J.P. Morgan's Daniel Kunstler is more blunt: "Stay away from PC stocks."

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