Any info about Iomega (IOM)? Message Board

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

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To: robert read who wrote (56455)	6/18/1998 7:37:00 PM
From: Bill Lin	Read Replies (2) of 58324

Robert, Please don't be an IOMANIAC. This announcement is pretty serious. Violation of Loan covenants mean that business is not proceeding according to what you told the bank. This means the bank will no longer lend you money. Until you bend over and kiss the ground from here to the outhouse for a year. The stock will not go up tomorrow. Not a lot positive about this announcement. $0.03 loss to $0.13 loss before the $15mm charge is about a 6x increase in loss. This is serious. No time to hope. Except for the far, far future. IOM is not in Ch. 11. But if they don't get their jaz inventory in line, they will be. In Q3. How much will YOU pay for IOM stock right now? Best way to judge value. If you are willing to pay $6.50, because you think this is the worst news, then you are right, the stock will go up. If you aren't, then you know what will happen tomorrow. Sorry if this is a downer message, but playing the "greater fool" game usually doesn't work. This will be the third panic selling. The right question will be, will Fidelity support this stock or will they dump it? They are holding a lot of shares. BL

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