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Non-Tech : Iomega Thread without Iomega

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To: sheila rothstein who wrote (4817)12/4/1998 11:46:00 PM
From: Naggrachi  Read Replies (3) of 10072
 
<<David and SB, I don't think the stock price of IOM will do much until 4th Q earnings are announced. >>

Just thinking outloud:

Last year about this time, IOM the stock, was making new 52-week highs with the expectations that it was going to be a blowout Q. They missed their number by a penny and we all know what happened.

This time around the stock is stagnant after a respectable move a couple of weeks ago (although far from a 52-week high,) and no one is paying attention (other than the usual suspects :-)) Could the earnings be the opposite of last year?

Furthermore, the PC enviornment last year, especially the storage part, was going through some rough times. This year, on the other hand, the PC enviornemnt has stablized. With demand picking up, component prices stableizing and less competition for IOM one can't help but wonder whether all these factors add up to a rather postive Q.

Comments?

Zead
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