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Non-Tech : Any info about Iomega (IOM)?
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To: wally hieslmair who wrote (1950)5/24/1996 10:16:00 AM
From: Franco Battista   of 58324
 
Just spoke to my broker. The analyst who made the comments
is Robert Maire of Morgan Stanley and not of the Cabot Newsletter.
I don't understand why he mentioned Cabot to me. He got this
from his teleraid screen which posts news at his brokerage firm.

Maire mentioned the almost cult following of the stock and said
that at this price, any indication by the market that the zip
will not be on every PC, will cause the IOMG stock to have a
serious correction.

My feeling is that IOMG at this price is about right for zips
and jazz drives on high-end computers. However, if zips were
to become the standard on all PCs, then IOMG is worth more, perhaps
twice as much. There is no doubt, however, that IOMG needs
continuing good news. Most importantly IOMG needs revenues to
substantially appreciate for the next quarterly report. This
would prove to the market that the company is growing very very
fast.

Thanks for helping me clear this up. I will seriously
reconsider to get back in.
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