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Non-Tech : Iomega Thread without Iomega
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To: Philip J. Davis who wrote (3095)11/4/1998 7:19:00 AM
From: Ben Antanaitis  Read Replies (3) of 10072
 
All,

Well, Herbie's silence couldn't last long... and it didn't. In this morning's theStreet.com, he is mouthing the words given him by his professional-short-seller-puppet-masters. They are touting the ultimate demise of IOM based on all the Syquest product that will be dumped on the market, at fire sale prices, between now and Christmas.

I would expect another round of sharp, spiky short selling to try to beat down any stock price momentum being built up.

But I also think Wall St. will adopt a 'show me the money' attitude about the removable storage niche and conclude that 'IOM has the products, name recognition, a new revitalized management and importantly an established penetration franchise'. BWDIK ;-))

Ben A.
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