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To: Cogito who wrote (6576)	1/22/1999 4:42:00 PM
From: Senthil Sankarappan	Read Replies (4) of 10072

Allen, Thanks. You also have a good record with IOM. I wish i also traded IOM like you and Darrell did before the big tank but i am a very lazy long. I guess all long termers in IOM have gained nothing but frustration. I like your wife's explanation better than any others' so far. YES. IOM IS A CURSED COMPANY. It is cursed to be in this kind of Biz where there is so much uncertainity and cut throat competition and companies are willing to sell in loss just to be in the game. Even IOM's goal is only 5% net margin and so if they have 2 Bil in sales, we can expect max 100 Mil in profit which is like 35c/share. So, unless the sales improve dramatically, the profits are going to suck with this 5% net. So, much for all the High margin disks :-< -senthil

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