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Non-Tech : The New Iomega '2000' Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Reseller who wrote (1797)	7/18/1999 10:43:00 PM
From: Rocky Reid	Read Replies (1) \| Respond to of 5023

>>the stock has found support in the 4.5 range,<< With all due respect, we have experienced only 1 trading day so far since Iomega's CC and Earnings, and IOM was down 4% that day. As the days and weeks pass, the people who recently bought IOM, who had hoped for an Earnings Suprise upward or some simultaneous magical product announcements, will bail. After all, greener pastures are out there in this raging Bull Market. We are looking at an IOM price in the $2's soon. With Iomega's Earnings continuing their accelerating and alarming trend downward, the air is being slowly let out of the ballon keeping IOM stock where it is now. After all, there is no Fundamental basis for IOM to have an expensive stock priced in the $4's. This puts Iomega's Market Cap above $1.2 Billion. IOM's charge-adjusted Book Value is $1.20. Expect a stock price much closer to this level, with a Market Cap around $750 Million. IOM is headed down. After all, this is what the Fundamentals say.