Any info about Iomega (IOM)? Message Board

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

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To: NoName who wrote (10075)	10/25/1996 11:33:00 PM
From: Cogito	of 58324

NoName, here's an example of what I consider an unsubstantiated statement. Jack Knutson listed all the reasons he's long on IOMG, and you replied: >>Those are good reasons you mention, but they only matter in the survival of the company not the stock price in the near or medium term, otherwise when IOMG was declining from the 55 to 13 level and all these factor were there and numerouse OEM's were also announced but the stock continued to decline. This is becasue the MM's needed to short cover and accumulate.<< I don't think you can positively state that MMs were responsible for that whole decline. There were a couple of other events which might have had something to do with it. 1- LS-120 announcement in mid-June 2- HUGE correction across the board in tech stocks, June and July 3- KE scared the crap out of everybody in his inimitably conservative style by warning that the third quarter would be ... well, you know what he said. I don't want to use the C word in polite company. With all that going on, it looks like there are a few other suspects in this case. - Allen

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