Iomega Thread without Iomega Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Iomega Thread without Iomega

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Gottfried who wrote (229)	6/29/1998 12:54:00 PM
From: Bill Lin	Read Replies (3) of 10072

I goofed in a previous post. The "charge" to earnings from the layoffs will take place this qtr Q2. The "pooling of interest" or "long term investment" acquisition of Nomai will take place in Q3. I would REALLY like to see the details of this purchase. Will IOM start producing CDRW and other storage drives? I have to believe that the $85mm IOM spent last year in building manufacturing facilities is being UNDERUTILIZED, and filling a building's capacity is a very manufacturing based solution. I'm uncertain whether to like this or not. Buying for Cash and not stock means that this acquisition should be accretive. ANyone know the financials of Nomai??? Still worried about the ROE. But still think IOM is way undervalued at $6. But still think there is more selling pressure before it finally rises into double digits. But I may be completely wrong. What is Fidelity doing with IOM positions? Confused... BL

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next