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Non-Tech : Iomega Thread without Iomega

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To: Zakrosian who wrote (5466)1/5/1999 5:07:00 PM
From: vinod Khurana  Read Replies (1) of 10072
 
Bought into IOM this afternoon at $7 15/16.

Based decision on the following:

1. HP and CPQ have "standardized" on the IOM zip drive in their home
PC's. I walked into a Office Depot store and could not believe
what I saw....IOMEGA posted all over. No sign of any other
competitor products.

2. Chart shows a trend towards $13 over next three - four months

3. Call Options indicates pros are pushing this stock towards $10
followed by $12 1/2.

4. New CEO indicated a few months back that he sees a turn-a-round for
the company. I believe he expects a small profit in the next
quarter.

5. One of IOM competitors (Syquest) declared chapter 11 a few weeks
ago. So much for the competition.

Overall, it is looking very positive for IOM. Nowhere to go but up.
I believe the stock will strike a 1999 high of $16.

Load up and wait patiently.
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