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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Jeff O'Brien who wrote (51422)	6/18/1999 8:16:00 AM
From: margin_man	Read Replies (1) \| Respond to of 90042

Two oversold stocks on my watch list: VSVR & JVLN. Stocks down on no news. P.

To: Jeff O'Brien who wrote (51422)	6/18/1999 8:16:00 AM
From: JeffA	Respond to of 90042

IOM warns..... COMS great wireless news... NXTL expecting 5th up day in a row. Accumulation? Buyout again? IOM Iomega warns of loss and charge, to slash 450 jobs ROY, Utah, June 18 (Reuters) - Iomega Corp. (NYSE:IOM - news) on Friday warned of a second quarter loss due to slack sales of its Zip and Jaz discs and drives, and said it would cut 450 jobs and take a $45 million charge in the quarter in a bid to shore up profits. But even without the charge, the computer products company forecast a loss in the range of 5 cents to 10 cents per share on lower revenues, vs. a loss of 13 cents minus charges on revenues of $394 million in the same year-earlier period. Wall Street had expected Iomega to break even in the quarter ending June 27, according to research firm First Call Corp.