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

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To: Jock Hutchinson who wrote (56339)6/18/1998 10:49:00 AM
From: John Lacelle  Read Replies (1) of 58324
 
Jock,

Easy man, easy. First, I think if
you check a quote via YAHOO! you will
find that they now carry insider sales
info (thank you YAHOO!!!). If I read
the data right, first of all, KE got
rich from stock option packages, not
from manipulation. I hardly think the
guy needed to pump and dump with all
the options he already had.

Second, if you really want someone to
blame, take it out on the marketing
department that had some poor planning
going on at the end of the year. Add
that to some of the brutal hedgefund
managers that saw blood in the water,
shorted the stock, spread rumors, and
caused the major selloff we saw back
in January, and you have the situation
we have now. I think the solution is
clear, become the standard data storage
solution, and sell a billion disks. The
company will become a 10 billion dollar
company if they can pull this off. If
they don't, we will see a nice price
slide ending with IOM bankruptcy sometime
before 2010.

Ciao,

-John
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