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Non-Tech : Any info about Iomega (IOM)?
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To: Herb Fuller who wrote (52872)4/17/1998 10:54:00 AM
From: Jock Hutchinson  Read Replies (1) of 58324
 
Actually one times sales is considered fair. But I was clearly wrong in whatever half-assed calculation I offered. But I do believe that this is a first for the IOM thread. One representative of one side actually acknowledged a mistake. I am not short or long the stock. I am short the box on Amzn-waiting for the initial drop to sell my long position. I stand corrected. Also I sent private messages to two other posters who questioned my math. On the other hand, IOM doesen't offer a nickels's worth of compelling valuation. You have a large number of minuses that balance that one gigantic plus--installed base. At the very least, it will be interesting to see how this plays out.
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