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Non-Tech : Iomega Thread without Iomega
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To: D.J.Smyth who wrote (4345)11/18/1998 3:25:00 PM
From: Rocky Reid  Read Replies (4) of 10072
 
Right now is a very dangerous time to be holding IOM.

Any moment, an announcemnt from Syquest will be released indicating who their buyer is. If it is Iomega, IOM could plunge as the realization of mountains of debt hits their bottom line. If the buyer is someone with deep pockets, like Yamaha or Samsung, then IOM will be hit as well.

If you are holding IOM at this point, you might as well be holding a 6-shooter to your head with 5 rounds loaded. If you clear out now, you can always buy in lower.
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