Any info about Iomega (IOM)? Message Board

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

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To: Cheeky Kid who wrote (53613)	4/24/1998 7:52:00 PM
From: Rocky Reid	Read Replies (3) of 58324

Whew! What a day! Just got back from escorting a lovely lady around town looking at apartments for her. Hell on Earth. Anyway, we saw Bridget Hall while walking in Greenwich Village. After putting my eyeballs back in my head, we continued our little jaunt through trendy hell. But onto IOM. >> ...take everything you read and hear with a grain of salt, and most important, Use Your Gut Feelings...<<< This is often good advice, but one must rely on reason as well. Reasoning that Iomega was wholly overvalued would have saved countless Iomaniacs the trauma of losing 40% of their IOM worth literally overnight. Instead, many used just pure "gut feeling," and ended up being disembowled and left picking their gooey intestines off the floor. Using this same Reason will lead one to evaluate IOM as still wholly overvalued with H&Q estimates for a 95% decline in earnings this year (0.02› for the WHOLE YEAR!), while trading at a current PE of over 30. Wholly overvalued. And later this year, the IOM stock price will better reflect the real and devastating problems Iomega faces now, and in the future with Sony and Castlewood right around the corner.

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