Any info about Iomega (IOM)? Message Board

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

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To: Ken Pomaranski who wrote (53366)	4/22/1998 1:11:00 AM
From: Gary Wisdom	Read Replies (2) of 58324

Ken, what you're missing is that if you bought Iomega at $6 5/16 last week or so, you are now up almost 33%. Not even Yahoo has gone up that much in so short a time. As for your analysis, some of it is cogent. However, Iomega has $2B or so in revenue and none of the companies you mentioned have more than $10MM. There is no comparison. Iomega is a company that made quite a few mistakes. No one will argue with you here. However, the stock has obviously bottomed. I'll take a 33% gain in a week any day. Unfortunately, I did not buy any at $6 5/16 as I am not smart enough to do that. IMHO, with significant news, we'll see $13 soon. With just good news, we'll see $10 soon. With no more news, we'll see $7 again soon. However, it'll take 2 quarters of Clik! sales before we ever see $16 again. Hope it happens for all the happy longs on this thread. Iomega did not go up today due to association with Internet or other "mania" stocks. It went up due to a few large funds buying the shit out of it. They're not done yet.

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